I have read Coswell comments today on bear raids and other stories on manipulation specific to NOT; the closing summary comments from VRtrader below mentions a story on United Airlines that just blows me away in as much as to how no ones appeas to be accountable or responsible... I did provide the complete summary as I believe you may be interested reading it.

Closing Comments

News that the government will be bailing out Fannie and Freddie gapped the indices higher at the open, but the indices slipped all day long until a buying push into the close brought the Dow to a closing gain of 290.43, the Nasdaq to a gain of 13.88 and the S&P to a gain of 25.48. Volume came in at a very solid pace, increasing over Friday, and breadth was strong.

The ramifications of the buyout are many, and not all of them are good. The bulls believe that a recovery in the financial and housing sectors is more likely to occur following the announcement. On the downside - when asked how much this plan would cost taxpayers, Hank Paulson responded on CNBC with a very comforting "I don't know". I guess the captain is paid to sail the ship. Never mind he is taking the ship into dense fog. Damn the icebergs - full speed ahead!

Today's open was predictable as any downside to this bailout was overshadowed by the euphoria generated by the fact that the treasury department did something - anything - to help Fannie and Freddie who were deemed 'too big to fail.'

Most financial companies gained as debt guaranteed by Fannie and Freddie, held by most banks and securities firms, rose in value, and other types of debt securities rallied in sympathy. Fannie Mae current-coupon 30-year fixed rate securities yielded 1.59 percentage point more than 10-year Treasury debt, the smallest margin since May. U.S. fixed mortgage rates dropped about a quarter of a percentage point this morning.

The Federal Housing Finance Agency will put Fannie and Freddie under conservatorship, replace their chief executives and eliminate their dividends. Under the plan, the Treasury will receive $1 billion of senior preferred stock in coming days, with warrants representing ownership stakes of 79.9 percent of Fannie and Freddie.

Equities gapped sharply higher with the Dow topping out with a gain of 350 points shortly after the open. The Nasdaq topped out at an early session gain of 48 points. Traders spent the rest of the day chipping away at those gains as the Nasdaq slid to double digit losses and the Dow struggled to stay in triple digits. A late day rally made today's rally appear more impressive than it was. Make no mistake, a 290 point gain on the Dow gets one's attention, but the way the trade went today looked more like a win for the bears once the market opened. Tomorrow is a potential 'Turnaround Tuesday' followed by 'Weird Wally Wednesday', so we will see how the trade unfolds.

In yet another example of market chicanery, a research firm posted a six year old story in what was explained as a 'mistake' which drove UAUA shares down 76%. From Bloomberg:

Sept. 8 (Bloomberg) -- United Airlines parent UAL Corp. said it didn't file for bankruptcy, after a financial-research firm mistakenly presented a 6-year-old Chicago Tribune article on the carrier's 2002 Chapter 11 filing as new information.

The shares fell as much as 76 percent before trading was halted for about 90 minutes, then recovered most of the decline. UAL trades between 10:55 a.m. and 11:08 a.m. New York time won't be canceled, the Nasdaq Stock Market said on its Web site.

The December 2002 news report was posted online by the South Florida Sun-Sentinel and was picked up by Income Securities Advisors Inc., said Richard Lehmann, president of the Miami Lakes, Florida-based research firm. Income Securities distributed the report on the Bloomberg terminal before retracting it and issuing a correction.