The news is just awful. I felt fairly certain that the Dow would stay over 8,000, and it closed yesterday barely over 7,500. I really hope we have hit bottom, but who knows??
With the largest (or second largest) nation's bank stock dropping by 50% it's a particularly scary and uneasy market now. The auto bailout failure also doesn't help.
It should be interesting to see what the market does today.
