Investors seeking a bottom, brace for more uncertainty

AP
Published: October 12, 2008

NEW YORK (AP) - Stock futures indicate a sharp rebound could be
in store for the major indexes ahead of Monday’s opening bell on
Wall Street.

But volume could be light with the Treasuries markets closed for
the Columbus Day holiday.

Still, investors are agonizing over whether the market is
bottoming out or about to continue its precipitous decline. They
face more uncertainty this week as they await action on the
government’s rapidly expanding effort to pull the financial system
back from the brink. Investors are watching to see if the
Treasury’s newly announced plan to buy equity in troubled banks,
not just bad assets, is enough to halt the huge losses on Wall
Street and revive the lending process.