1. IndexClosing LevelWeek ReturnYear-to-date Return Dow Jones Industrials7850.41 -5.20% -10.55 Nasdaq Composite1534.36 -3.60% -2.71% S&P 500 Composite826.84-4.81%-8.50% Russell 2000 Index448.36-4.75%-10.23% Yield on 10 Year US Treasury Note 2.882

2. Include a $400 payroll tax cut for individuals making less than $75,000, and couples less than $150,000 (this is likely to be spread out evenly throughout the year, not in a lump sum) A tax credit for first time home buyers ($8,000) Tax deductions for some new investments

3. The spending provisions include new funds for alternative energy projects (including modernizing the grid) New funds for road and bridge infrastructure ( a good article in the WSJ today about this) Assistance to the states for education and Medicaid Funds to extend unemployment benefits to December 2009.

4. The Commerce Department reported that retail sales rose 1% in January (on a seasonally adjusted basis). Retail sales for November and December were adjusted to -2.4% and -3.0% respectively

5. The Health Care and Technology sectors (-2.06% and -3.12% respectively for the week) were the best- performing Financials sector (-9.14% for the week) was the worst- performing sector for the week.

6. The “bad bank” proposal by the Treasury Department has a serious weakness in setting the price for the “toxic” assets it will buy Most economists believe that more US banks will fail in the coming months

7. QInsight also notes that the adjusted real monetary base is up over 84% on a year over year basis in mid- December 2008.

9. Sectors that traditionally do well in the late Plunge: The Financial, Financial Services, Basic Materials, Consumer Discretionary and Consumer Staples

13. 2/19 – PPI 2/19 – Initial Jobless Claims 2/19 – Continuing Jobless Claims 2/20 – CPI