Housing starts continued to slide as the number is the lowest on record, which began in 1959. Industrial Production came in worse than estimates, falling -1.8% for the month. Overall capacity utilization came in less than estimated. Year on year industrial production was down 10%. President Obama announced a $275 billion program to assist homeowners. Yesterday he signed the $800 billion bailout package. Geithner briefly outlined a Treasury rescue program to bail out banks last week. The government continues to react to the economic recession that started last year. However, much of it is meaningless until the markets can act in a positive way. We need to see improvement of willing buyers to bid up for stocks. Only a very small selection of stocks is holding any kind of supports and buyers willing to bid for their shares. Most markets are range bound or can only put in a day or two bounce.