cnbc
Central Banks Scramble to Relieve Market Strain
Central banks and regulators scrambled on Tuesday to relieve the strain on financial markets frazzled by another hefty blow to confidence, this time from the rejection by U.S. lawmakers of a $700 billion rescue plan.
Global central banks more than doubled the amount of dollar funding to $620 billion, but the move showed no signs on Tuesday of thawing the freeze in money markets where banks are hoarding cash and bracing for more trouble ahead in the deepening year-long credit crisis.
Analysts said central banks may now be forced to cut interest rates in a coordinated move because their massive fund injections have done little to ease strains that are threatening to become a bigger systemic breakdown that could endanger the global economy....
http://www.cnbc.com/id/26949983 Probably pinning hope in an eventual approval of the rescue plan or some concerted efforts by the central banks around the world or it could just be quarterly window dressing, asian markets werel off lows with Hang Seng actually closing positive after initial sharp fall. European markets are also off their lows currently while US futures soared.
The volatility index of the US market was at historical high yesterday, signalling too that fear was at its most extreme. A market bottoming (or at least an intermediate bottoming) soon? 
