From the Wall Street Journal's MarketBeat blog:
With its latest decline, the Dow Jones Industrial Average has reached a new intraday low for 2008, falling to 11626.43, surpassing the previous intraday low of 11634.82, reached on Jan. 22. Stocks have recovered a bit—and the other major averages, the Standard & Poor's 500-stock index and Nasdaq Composite, are far from their yearly low.
Technicals don't look too cheery, and with today's big downgrades on Citigroup and General Motors, there's not a lot of reason to expect a big Dow rebound. Is the next leg down on the way?