I can almost see the future... After a devastating 300 point loss on Friday, Asia and Europe continue sprialing downward with many exchanges falling more than 10%. Some are even halted. It's 8am and futures are trading between -600 and -700. The market is surely going crash at open. Many are woried that an implied 1.25% bps cut by the Fed Tuesday will be too late to derail a potential circut breaker day. Some wonder if an Emeregency Rate Cut will be announced before the open, 1 day before the regularly scheduled meeting. Others believe there may be a liqudity injection. As the minutes of the hour tick by and futures trend lower, and the latter speculation is proven correct. The Fed intervenes with an announcement to buy MBS and CDO which it will add to it's balance sheet. They offer to purchase, with cash, $100 billion a month of AAA paper for as long as needed. A super spike in futures cause many to blowup. The market opens down significantly but finishes the day in the final hour with a strong comeback. Just in time for the fed's 1.00% cut on Tuesday. The End?