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8A Daily News – Saturday, August 13, 2011 Furniture DEPOT 235 S Main St., Red Bluff 530 527-1657 www.thefurnituredepot.net HOURS: MONDAY-FRIDAY 9:00-6:00 SATURDAY 9:00-5:00 • SUNDAY 11:00-5:00 FURNITURE *See store for details This is Charlie. He has an opinion about everything. NEW YORK (AP) — The wildest week in Wall Street history ended with a second day of gains. The Dow Jones industri- Dow finishes wild week on up note Wall Street al average finished Friday with a gain of 125 points. Most other times it would have been a fairly big day. By this week’s standards, it was a sleeper. Friday capped a week when the blue-chip index had four 400-point swings in a row for the first time in its 115- year history. Trading was frantic across financial markets all week. The yield on the 10- year Treasury note hit a record low. Gold briefly topped $1,800 per ounce. Nearly every one of the 500 stocks that make up the Standard & Poor’s 500 index ended down mid- week. ‘‘It was a sharp and vio- lent week in the stock mar- ket, but it’s my sense that the worst is over,’’ said Michael Kaufler, a portfo- lio manager at Federated Investors. Investors reacted to every scrap of news and each whispered rumor. A credit downgrade for the U.S.. Concerns about Euro- pean bank solvency. Fears of a possible new recession in the U.S. Word that the Federal Reserve would keep interest rates low for two more years because of slowing growth. A positive retail sales report. Strong earnings from a technology bellwether. Better unem- ployment news. The Dow dropped 634 points Monday, its sixth- worst point drop ever, as investors responded to Standard & Poor’s with- drawal of the country’s AAA credit rating. It was the first downgrade of U.S. government debt in history. The Dow rose 429 points Tuesday, only to plunge 519 points Wednesday. It surged 423 points on Thursday following a bet- ter than expected drop in new applications for unem- ployment benefits. A rebound in retail sales in July pushed the stock market higher Friday as traders looked past a Reuters/University of Michigan survey that found that consumers were pes- simistic about their own finances and the economy. The measure of consumer sentiment fell to a 30-year low. It was the first time since early July that the Dow and S&P index rose for two consecutive days. Normally, such a bad consumer survey would have pushed shares sharply lower for the day, said Quincy Krosby, an invest- ment strategist with Pru- dential Financial. The Dow finished Fri- day with a gain of 125.71 points, or 1.1 percent, to 11,269.02. It finished the week down 1.5 percent after being down as much as 6.3 percent for the week. The broader S&P 500 index rose 6.17 points, or 0.5 percent, to 1,178.81. It finished with a the week down 1.7 percent. The technology-focused Nas- daq composite rose 15.30, or 0.6 percent, to 2,507.98. It lost 1 percent for the week. All three major stock Problem is, his wife, children and grandkids all roll their eyes when he gets going on one of his rants. Charlie has found a place where his voice can be heard and his opinions are valued. At www.redbluffdailynews.com he can read and respond to news stories, local opinion columns, editorials and blogs. He can ask questions about local places and events and chime in on topics big and small. Local news, relevant to you. redbluffdailynews.com Your community. Your life. indexes are now down more than 10 percent from their April highs. That is a big enough drop to signify what traders call a market correction. A drop of more than 20 percent signifies a bear market, a period of sustained losses. OPEN HOUSE “Best Home. Best Prices.” Saturday, August 20th 11am to 3pm Come in and meet our new manager, John Teitsort Factory Representative will be on site Children’s entertainment room while you browse through our large inventory of new homes. Giveaways on all new home purchases made on August 20, 2011 Trade-ins welcomed and wanted Live Music, Food Drinks 530 529-2191 26 Sale Lane, Red Bluff, CA The yield on the 10-year Treasury note fell to 2.26 percent from 2.34 percent late Thursday. It had fallen to a record low of 2.03 per- cent earlier in the week. James W. Tysinger, Jr. M.D. Eye Physician & Surgeon Fellow American Academy of Ophtalmology We accept Medical, Medicare & most Insurances Office Hours: Tues-Wed-Thurs 8am-4:30pm Mon & Fri 1pm-5pm For Emergencies, After Hours, Week-ends, Call 530-567-5001 345 Hickory St. Red Bluff Tel: (530) 529-4733 Fax: (530) 529-1114 RED BLUFF COLLISION ✪Windshield Replacement $ starting at 200 ✪ Auto Detailing $ 50 off your 1st visit FREE Estimates 530.527.6160 915 Madison St., Red Bluff