dow futures down 88.5, page-12

It could, because it will allows banks to free up the ballance sheet enough and compete again on lending on houses.

If this is seen as a bottom in the housing market, a housing lead recovery could happen which would stimulate the US ecconomy. Other economies will follow.

IMHO it wont take much for this to occur because houses in the US are very very cheap on a world standard atm. The Fed can also reduce interest rates further if more stimulus is needed. So IMO the US economy is not as bad as it may seem.

Our market is down because commodities (and resource stocks) are falling in response to a strengthening US dollar.