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Wall Street Steady

About Time

Stocks were down, but up overall from a week ago

Is this the end of the current wave of turbulence? Two weeks of a crazy rollercoaster ride and we have come to rest with the Dow down 127 points on the day but 4.8 percent up on the week, the best gain since March 2003. The market reflects the many competing views of the bailout plan and whether Paulson and Bernanke have done enough. Brian Gendreau, an investment strategist at ING Investment Management spots four different investing types: "The bailers, who want out no matter what; the rearview-mirror people; the stay-the-course investors; and the opportunists. Add all these people up and you get the swings in the market." Everyone hopes next week will see some calmer markets. In the meantime, enjoy the rare calm of the weekend.

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