The Bears Have It

• Off 21.3% from its October high, the Dow Jones Industrial Average closed at 11,147.44
• The S&P 500 index was down 20.3% from its October 10, 2007, high of 1,562 closing at 1,244.68
• The Nasdaq Composite Index closed at 2,234.89, off 21.8% from its October high

In particular, Fannie Mae and Freddie Mac gave up yesterday's gains to end today at $15.31 and $10.26 respectively.