"You know what the news is-- in a minute, you're going to hear the rest of the story"- Paul Harvey

At this stage of the game, there isn't much to say that we haven't said already. Until the financial rescue package is passed, we are all going to have to deal with manic depressive, or bipolar stock market. In the meantime, we are going to witness market mood swings of depression and mania until the proper medication can be administered.

Members of congress don't enjoy making tough decisions while on camera. It's much easier for them to pass legislation that benefits their big donors and lobbyist than us little people. So, now that we are watching their every move, many are squirming, and are acting a little uptight. Isn't it fun to watch?

Today, the major market averages rallied on news that Congressional leaders came to an agreement on a rescue package. The Dow closed up 196.89 points, the S&P 500 gained 23.31 points, and the Nasdaq was up 30.9.

Tonight, however, we have learned that the plan has stalled. In after hours trading, all the major averages are heading down.

In economic news, August durable goods orders fell 4.5%, and new home sales for August fell to the lowest level in seventeen years. Also, Initial jobless claims jumped to the highest level since 2001.

In stock news, GE reduced its profit guidance and canceled its share buyback program on weakness attributed to its lending arm. Nike reported better-than-expected earnings, and shares showed a strong gain on the day.

The Rest of the Story

A $700 billion dollar bailout package for the economy should not be that tough to pass. Afterall, congress just okayed a $612 billion dollar defense bill on Wednesday for wars protecting oil assets in Iraq and Afghanistan.

John McCain suspended his campaign to help coordinate efforts to pass the bailout package. Barrack Obama was taken aback by McCain's efforts, and despite the crisis at hand, he still wants to debate on Friday.

Some members of the Democratic Party (Hillary supporter Philip Berg) have filed suit claiming Obama not a “natural born” citizen since he was actually born in Kenya. Berg also claims Obama is not a naturalized citizen since he was adopted by his Indonesian stepfather and his mother embraced the citizenship of Indonesia.

Boy, what a mess. It's amazing how the media has chosen to ignore these claims.

To be fair, the media has also chose to ignore the $200 million fortune of John McCain's wife Cindy. Reports say that Cindy McCain's father had some shady mob ties- WorldnetDaily. What's new? Isn't this how the Kennedy's built their fortune?

Warren Buffett invested $5 billion in Goldman Sachs in a private sweetheart deal. Buffett is in favor of the Paulsen plan, and said Congress needs to act quickly to avert an "economic Pearl Harbor".

Let's see what tomorrow brings. " Deal, or No Deal?"