US stock futures are pointing up following news of a $5 billion cash injection into Washington Mutual.

According to a report in The Wall Street Journal, the mortgage lender is close to a deal to get a $5 billion injection from TPG and other investors — a deal not brokered by the government, as was the recent Bear Stearns bailout.

The deal seen by some analysts as a sign that the financial sector is starting to pull out of the credit crisis.

According to Dow Jones MarketWatch: “S&P 500 futures rose 11.6 points to 1,383.50 and Nasdaq 100 futures up 14.75 points to 1,884.50. Dow industrial futures rose 69 points.”

Is Wall Street now safe for investors?

“There are three key signs that tell if Wall Street is safe for investors”, says Martin Hutchinson. Click on the following link find out if the credit crunch is really over.

While you’ll find many commentators labeling the credit crisis as one of liquidity, I’m adamant that it’s more of a crisis of confidence, says Karim Rahemtulla.

“Here’s what many rookies don’t understand: the huge dips that we’ve seen in the market — especially in some of the financial sector stocks — have presented great opportunities to buy, not sell.”