Volatility Remains

Personally I would prefer to see the market stay even and stable with steady small gains rather than make these sharp rallies which can't be building blocks. I have no faith in today's results.

McClatchy: Geithner's last shot: If this doesn't work, nationalization next?

As the past 14 months of recession have made painfully clear, however, a one-day stock rally hardly means the worst is over.

There's still great fragility in the financial systems. But we think that we are moving in the right direction," Obama said.

...selling the assets now at a low price will force the banks to post steep losses. Thus they'll probably need more capital on top of what they’ve already received.