Losses remain steep as the session progresses. Stocks remain
hamstringed by uncertainty whether the House of Representatives will
approva of a plan to purchase distresed assets from financial
institutions.
Speaker of the House of Representatives Nancy Pelosi stated she would
not bring the Senate's recently passed bill to the floor if there were
not enough votes for passage.
The Nasdaq has taken out a fresh session low. The S&P 500 and the Dow are testing earlier lows.