Are You a Bull or a Bear? Vote in Our Poll

The stock market took it on the chin Friday on news that Bear StearnsBSC needed a Fed-backed credit facility from JPMorgan ChaseJPM.

That undermined investors' confidence in the stock market; shares in New York tumbled as traders fretted that a funding crisis at Bear Stearns could mean more trouble is yet to come for the financial sector.

The Dow Jones Industrial Average slumped 194.65 points, or 1.6%, to 11,951.09, and the S&P 500 dropped 27.34 points, or 2.1%, to 1288.14. The Nasdaq Composite sank 51.12 points, or 2.3%, to 2212.49.

The declines ensured the erasure of all of the gains from a massive rally Tuesday, when the Federal Reserve's plan to inject $200 billion worth of liquidity into the market sent the Dow up more than 400 points. For the week, the Dow lost 2.6%, and the S&P sank 0.4%, though the Nasdaq managed to roughly break even.

The story of the day Friday was Bear Stearns, whose shares lost nearly half their value after Alan Schwartz, president and chief executive of the brokerage, said Bear's "liquidity position in the last 24 hours had significantly deteriorated."

That prompted the company to get emergency funding from JPMorgan Chase JPM that will be backed by the New York Federal Reserve bank. The move comes just days after Schwartz said Bear had ample liquidity.

Bear Stearns' stock plummeted 47.4% to $30, as more than 186 million shares changed hands.

What's in store for the stock market next week?

Please vote in our survey below.

1 What would best describe your stance heading into the coming week of trading? Bullish Bearish Neutral 2 Which of these sectors do you think is set to move up in the coming week? --Choose One--Aerospace and DefenseAirlinesAutomobilesBeverages and Food ProductsBiotechnologyCommercial BanksComputers and PeripheralsConsumer NondurablesEnergy Equipment & ServicesHMOs and HospitalsHomebuildingInsuranceIntegrated OilInternet, Software ServicesInvestment Bankers and BrokersMediaMultiline RetailPharmaceuticalsPrecious MetalsSemis, Semi EquipmentTelecom EquipmentTobacco and AlcoholWireless CommunicationsUtilities 3 Which of these sectors do you think is set to move down in the coming week? --Choose One--Aerospace and DefenseAirlinesAutomobilesBeverages and Food ProductsBiotechnologyCommercial BanksComputers and PeripheralsConsumer NondurablesEnergy Equipment & ServicesHMOs and HospitalsHomebuildingInsuranceIntegrated OilInternet, Software ServicesInvestment Bankers and BrokersMediaMultiline RetailPharmaceuticalsPrecious MetalsSemis, Semi EquipmentTelecom EquipmentTobacco and AlcoholWireless CommunicationsUtilities View the results without voting