As of 1:10 PM EDT, the Dow was down nearly 275 points, or -2.7 percent. The Nasdaq and the S&P were down 68 and 36 points respectively, both falling more than three percent on the day. The continuation of downward momentum seems to be stemming from a variety of causes; unemployment claims remain at their highest levels since 2001, orders to U.S. factories were shown to have declined by four percent, and anxieties over the current bailout bill making its way through Congress have been rising. All around, people are scared of what all of this means for them, but unfortunately that fear does nothing more than compound the problem. It is important to remember that panic is never the answer, and that it is more than likely America will pull through this mess.
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