After a 150 point drop around mid-day yesterday, the DOW ended up rebounding to finish the day with a 58 point loss.  After the Federal Reserve tried to assure the market as well as the economy that we would not slip into another recession anytime soon, the bears were pushed back a bit.  The Federal Reserve will continue to purchase treauries on the open market, in a renewed attemp at quantitative easing.

Despite the rebound yesterday, it looks as though the market will have a rather poor opening this morning as the economic data from China was much worse than expected.  Industrial production growth in China fell for the 7th consecutive month.  Retail sales in China has also slowed, leading fears of an exacerbated international economic slowdown.  The Dow at the time of this article was down 122 points.  It has become very clear that any recovery will be slow and possibly painful to the US as well as international communtiy as a whole.