Yesterday was brutal on the stock market, with the largest one day drop in history, as the DOW fell 777 points, a decline of nearly 7. The Nasdaq dropped by even more on a percentage basis, with a decline of 9.14%, and the S&P gave back 8.8% yesterday.

Futures are trading higher today, but it is going to take a lot more than one day of upside to make up what we lost yesterday.

Yesterday started off slowly as investors were skeptical that the proposed Bush bailout plan was going to be enough to save the troubled economy, but that fear turned to panic once the market realized that the plan was not going to go through all at yesterday afternoon.

Lawmakers are going to be on holiday until Thursday to observe the Jewish holidays, but there should still be some action taking place behind closed doors aimed at ironing out a new deal that will satisfy both Congress and Wall Street. We will see if / when that is able to take place.

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