Three Digit Losses in Dow, US Market in Bear Grip

Sell off in financial shares at Wall Street pulled all three major
indexes into bear market. Fannie Mae and Freddie Mac, were 20% down and
helped to accelerate the fall on Monday.

Financial stocks started being sold off after comments from an
Federal Reserve official raising questions about the odds of an
economic recovery this year.

Federal Reserve Bank of San Francisco president Janet
Yellen warned Monday that the downturn in the housing market and the
credit crisis plaguing Wall Street could worsen before the economy
recovers.