CHESSNOID

It looks like all 3 indexes fell almost 8-9% in one day.  All the gains were erased from Monday’s dramatic up day.  We are in a recession getting deeper and more severe.  I bet Bush will be very relieved when he leaves office because he has basically messed everything up.  All these bad plans the 3 stooges Bush, Bernanke, and Paulson have put in place are wrong.  Everytime they do some thing, it gets worse.  At this point, it really would be safer if they did nothing.  The economy will rebalance itself after it squeezes the excesses out.  When the government tries to prop up the stock and housing prices that the real market won’t support, eventually the house of cards fall.

Below are the preliminary numbers at the close. They will be adjusted a bit more: