Gloomy day

Another gloomy day as the Dow closes below the important 13K level. NAZ was also down big, Google (GOOG) is down over 100 points from its high a few weeks ago. The usual suspects are at play, weak housing and plenty of banking worries, banks sold off big once again. In addition, Countrywide (CFC) is at a new low in the 10's. Earlier this year it was over 45. They are the biggest mortgage holder, if they fall that's going to be a big uh-oh! Hewlett-Packard (HPQ) reported good earnings after the close, maybe that will help tomorrow. I'm sure how much good that will do. Hang in there.