In a word,“Historic”.  What a wild ride this has been, beginning with LEH filing bankruptcy on Monday and Bank of America acquiring MER.  The market reacted as one would expect, with a 504 point decline in the DOW.  Tuesday, the market staged a rally on the news of the federal government bailing out insurance giant AIG to the tune of 85 Billion.  The FOMC decided to stay steady at 2% with the fed funds rate and the DOW regained 141 points.  Wednesday, surprised many of us who speculated that Tuesday was the capitulation day we have all been waiting for.  Instead, the DOW closed down 449 points on poor housing starts and continuing uncertainty in the Financials.  Thursday welcomed the infusion of 180 Billion into the global markets by the Central Banks.  The Philly Fund Index was positive and there were rumors of further intervention to heal the credit markets driving the DOW up 410 points.  Friday closed up 368 points on the DOW primarily due to the short selling ban.  The volatility and volume was unprecedented with every trading day in the DOW posting either triple digit gains or declines.  The DOW ended the week down by 34 point the SPX was up 3 and the NDX down by 22.

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