Too Big to fail.

The Obama Administration's main plan for attacking the too-big-to-fail problem calls for giving federal regulators expanded powers to seize and restructure all manner of financial institutions—not just traditional banks—when their failure would threaten the financial system as a whole. In particular, Federal Reserve Chairman Ben Bernanke wants the power extended to include diverse financial giants such as insurance-based conglomerate American International Group (AIG), as well as big holding companies such as Citigroup (C) and Bank of America (BAC), that own both traditional, deposit-taking banks and securities-trading units. But giving federal regulators a greater mandate won't be enough because the giant financial institutions' reach extends around the globe.

Tracking the Dow on Friday,08/05/09.(7 Days to Dow Futures Expiry)

9:30am:-Hefty 90.0 points gap up.

Bullish unshaven bottom with bullish upper shadow spin.
10:30am:A shooting star hangman followed by opening gap filling to half body.

This dictate that it has completed its low.
11:30am:--An inverted hammer at session MAV.

The results of the widely publicized stress test, which showed 10 of the 19 banks that were subject to the test will be required to raise additional capital buffers totalling ~$75 billion, were largely taken to be better than expected.

12:30noon:--The ascending soldiers are taking a lunch break pause.

Nonfarm payrolls fell by 539,000, beating the consensus estimate of -600,000.

1:30pm:--A dragonfly doji at bullish zone.

March wholesale inventories declined 1.6% after falling 1.7% in February. The decline was worse than the consensus estimate of -1.0%.
2:30pm:--Dragonfly dojis aiming for day's high.

BofA plans to raise $17 billion in a common stock issue, with the remaining coming from preferred stock to equity conversion and asset sales. Wells Fargo is issuing common stock (~$7.5 bln announced this morning), retaining earnings and utilizing other internally generated sources. Citigroup will expand its previously announced conversion of preferred to common. GMAC said it may issue new common equity, issue mandatory convertible preferred shares or convert existing equity into a form of Tier 1 common equity.

3:30pm:--Pullback technical correction.

The remaining five banks that need more capital are regional banks: Regions Financial (RF 6.53, +1.30), $2.5 billion; SunTrust Banks (STI 20.77, +2.25), $2.2 billion; KeyCorp (KEY 6.97, +0.19), $1.8 billion, Fifth Third Bancorp (FITB 8.49, +3.14), $1.1 billion; PNC Financial Services (PNC 53.08, +8.61), $600 million.

4:00pm:--Bullish harami with bullish hammer.

It's no joke,the bear rally has completed 3/4 of the 52 weeks range before conversion to a full scale bull rally in the 2nd half year.

Grab stocks now and boogey.

U.S. jobs data and the results of U.S. government bank tests sparked investor optimism throughout the week.
The bulls are on rampage overwhelming the bears and never look back.

Evidence is piling up that the worst part of the recession has ended. But that doesn't mean the pain is over.
The economy remains vulnerable to further shocks, and 13.7 million people are unemployed. The jobless rate rose to 8.9 percent in the new report and still seems headed for a stinging 10 percent.