ALSO NOTED: Have Blackstone shares bottomed?; Wells Fargo open to Fed-assisted deals; and much more...

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Company News:
> S&P upgrades Bear Stearns. Article
> More on Bear Stearns and its risk exposure. Article
> Sandler O'Neill Partners cuts estimates for TradeStation. Article 
> Wells Fargo open to Fed-assisted deals. Article
> BlackRock managing JP Morgan-Bear Stearns portfolio. Article
> Have Blackstone shares bottomed? Article

Regulatory News:
> Washington to take more action? Article
> Home loan bank to support mortgage market. Article
> More regulation needed. Commentary

And Finally... Yachts as status symbols. Article