Monday traded down dramatically on concerns over the 700 billion government bailout.  Oil rocketed up and the dollar was weaker to culminate in a huge 373 point DOW loss.  Tuesday highlighted Paulson and Bernanke being grilled on the hill by the Senate Banking Committee.  While they were verbally sparring , the Dow continued to drop another 161 points.  Wednesday saw the Dow register a smaller loss of 29 points as existing home sales dropped.  Buffet stepped up to the plate and will be investing five billion in GS.  Thursday, the market thought the bailout was a “done deal” after Bush’s Wednesday night  speech.  The Dow finished up 196 points even though the index pulled well off its high for the day.  Friday, WAMU went the way of failed banks and was acquired by JP Morgan.  GDP was adjusted down by .5%, RIMM tanked on poor guidance and the bailout was walking a tightrope.  Lawmakers will be working this weekend to try and fashion a bill that is acceptable to all.  The Dow closed up 121 points on a late day run.  The week over week numbers were down.  Dow down 245, SPX down 42 and the COMPQ down 90.

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