Monday, FNM and FRE sank quickly in the face of the government takeover of the two GSES and the DOW gained 350 points.  Tuesday, the DOW reversed course and retraced 281 points on concerns over LEH and the Financials in general.   Wednesday saw a big move to the upside as energy stocks saw some bullish activity.  LEH spelled out their plans to mend and FDX guided higher.  Huge volatility was the order of the day Thursday as the market sold off aggressively in the morning and climbed back to gain 164 points in the DOW on a plethora of economic news.  Friday saw retail post a worse than expected drop of .3%.  June and July retail figures were also adjusted lower and PPI was down.  Even with all of that, the DOW was still able to pull significantly off its low for the day to close only 12 points down.  For the week, the Dow was up 202 points, the SPX up 10 and the NDX lower by 1.

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