The week began with negative press regarding the financials and the Dow tanked 180 points. Tuesday saw unimpressive PPI numbers and a decrease in housing starts sending the Dow 130 points lower. Wednesday, the markets were marginally up on indecisive trading. Thursday, Jobless Claims came in better than expected, however, that was tempered by negativity surrounding the financials along with a spike in oil prices. However, the markets came off their lows to eek out a small gain for the day. The week ended with some positive comments from Ben Bernanke regarding a perceived easing of inflation due to the strengthening of the dollar and slower growth. Friday ended with a robust triple digit gain. All in all the week was flat with the Dow ending down 31, the SPX down 6 and the NDX down 26.

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