Roger Biduk writes:

While anyhing can happen in this market, it certainly looks like the markets are set for huge gains at the open.

S&P futures are +34, Nasdaq +38 and Dow +250….huge pre-market gains that I haven’t seen in a very long time….looks like shorts are going to take a beating.

All this on the heels of a recently announced government takeover of Fannie May & Freddie Mac, taking much uncertainty out of a very jittery market.

Asian markets like what they see.

Japan’s Nikkei is +3.6%, Hong Kong’s Hang Seng + 3.9% and Singapore’s Strait Times +3.6%