if you look at all the banks that reported today as well as the news,they all mention how bad their earnings were due to the problems in the credit markets. abnk america and a number of other banks badly missed earnings today and that will weigh on the market. also,a few non financial companies reported and were very cautious on the economy and mentioned the credit crunch. a major railroad company just said the economy is worsening;this was said this morning as well. also-the dollar just dropped to a new ALL TIME LOW against the euro today. Cisco offices in Brazil were raided by the police and people were arrested. EBAY was downgraded so tech will have trouble today. i think today might be a double digit down day simply due to the markets actually paying attention to what is happening today; at least today. the 2 bright spots were exceptional earnings and guidence by TXT and PH.