I spotted irregular trading in (GOOG: 470.30 +7.12) in the last 3 minutes of the trading session today.  I know some of our readers were involved in this trade.  I want to post an update on what has happened since the market closed.
Here are NASDAQ comments from 5:01 PM EST:

Pursuant to Rule 11890(b) NASDAQ, on [...]

I wrote last night that we would have another historic week on our hands.  Well, today we had the largest point loss in the DJIA in history.  This was larger than the point loss we had after the September 11th attacks.  Today, the DJIA was down 7%, the NASDAQ was down 9%, and the S&P [...]

We will have another historic week on our hands.  I hear there is a 110 page draft of the bailout ready to go.  Let’s see if the government can get this done on Monday.  The market will take any delay as a negative and if the plan does not get done it would cause a [...]

Is the market rally already over?  Here are some headlines I am seeing over the wires
J.P. Morgan Chase & Co. will acquire most of Washington Mutual Inc.’s operations, according to a report published late Thursday.
Shares of Washington Mutual slid more than 50% to $0.76 in after hours trading.
Research in Motion reports earnings, shares tumble in [...]

Notice no trader in the fed funds pit thinks we are going to raise rates anytime soon (by March).  In fact if you listen closely (2:48 and 2:58) – the traders think we will ease first.