The global market is having serious problem. Watch your investment carefully. There are many bad news in the US market and around the wordl:

• On March 14 2008, JPMorgan Chase, in conjunction with the Federal Reserve Bank of New York, provided a 28-day emergency loan to Bear Stearns in order to prevent the potential market crash that would result from Bear Stearns becoming insolvent. Two days later, Bear Stearns signed a merger agreement with JP Morgan Chase in a stock swap worth $2 a share or less than 10 percent of Bear Stearns’ market value.
• The federal takeover of Fannie Mae and Freddie Mac refers to the placing into conservatorship of government sponsored enterprises Fannie Mae and Freddie Mac by the US Treasury in September 2008.
• Lehman Brothers Holdings Inc., the fourth-largest U.S. investment bank, filed a Chapter 11 petition with U.S. Bankruptcy Court in Manhattan today. Lehman was forced into bankruptcy after Barclays Plc and Bank of America Corp. abandoned takeover talks yesterday.
• Bank of America Corp., the biggest U.S. consumer bank, agreed to acquire Merrill Lynch & Co. for about $50 billion as the credit crisis claimed another of America’s oldest financial companies. This news is good for the market. But this also tells us that current subprime mortgage crisis is far from over.
• On the evening of September 16, 2008, the Federal Reserve Bank’s Board of Governors announced that the Federal Reserve Bank of New York had been authorized to create a 24-month credit-liquidity facility from which AIG may draw up to $85 billion. The loan is collateralized by the assets of AIG.
• Washington Mutual Inc. became the nation’s biggest bank to collapse after U.S. government regulators seized the Seattle- based bank on Sept. 25. JPMorgan Chase & Co. agreed to acquire WaMu’s deposits and branches for $1.9 billion.
• Fortis, the largest Belgian financial-services firm, received an 11.2 billion-euro ($16.3 billion) rescue from Belgium, the Netherlands and Luxembourg after investor confidence in the bank evaporated.
• Citigroup Inc., the biggest U.S. bank by assets, will acquire the banking operations of Wachovia Corp., rescuing the Charlotte, North Carolina-based lender beset by mortgage losses for more than $2 billion in stock.

Stocks tumbled worldwide, the dollar fell and U.S. Treasuries surged after the bankruptcy of Lehman Brothers Holdings Inc. drove investors to the safety of government debt.

Equities dropped in Europe and Asia, led by a 36 percent tumble in HBOS Plc and a 10 percent decline in Macquarie Group Ltd. Futures on the Standard & Poor’s 500 Index fell 4 percent as American International Group Inc. sank 46 percent. Russia’s Micex Index declined 5.3 percent, leading a retreat in emerging markets. Crude oil fell more than $7 to a seven-month low as speculation turmoil on Wall Street and the worsening credit crisis may slow the global economy, cutting energy demand.

This year crisis in one of the worst in history. So protect your money. Be prepare for big rally, because In the past two decades, after a big plunge in the aftermath of Sept. 11, the 1998 Russian debt default and Mexico’s 1994 peso devaluation, the index gained 20 percent or more in the next three months.