Wall Street got socked by a blizzard over the weekend, but no one was on hand to witness its fury. The howling of the market's correction, however, has had plenty of witnesses. Friday's ugliness just kept right on chugging through Monday's market. Without any grand earnings or macroeconomic news to turn things around, the markets started up on blind optimism that lasted about 30 minutes before giving way to creeping pessimism. What little good news was to be found, such as American Express ( AXP) reporting earnings and revenue above expectations, were of help only to the specific issues. American Express shares gained almost 2%, helping limits losses in the Dow Jones Industrial Average to fewer than 25 points, or 0.2%, for a close at 10,368.61 vs. its intraday best of 10,443.87. The S&P 500 lost 0.4% to 1163.75, about 10 points below its session high. Safe havens performed well as the Dow Jones Utilities Index rose almost 1% and the yield on the 10-year Treasury note declined slightly to 4.12%. The Nasdaq Composite just picked up where it left off last week despite the morning's up open; after trading as high as 2043.97, the index finished down another 1.3% to 2008.70. The Philadelphia Stock Exchange Semiconductor Index lost 1.7% and the Amex Internet Index dropped 2.4%. The psychological Nasdaq 2000 barrier, last seen at the beginning of the Bush re-election rally, is in view once again. Experienced strategists are still looking for signs of panic before calling a turn in the market. Nasdaq volume rose on Monday from Friday even as the index set a new low for the year, a "good" sign in that view. Kevin Marder, chief strategist at Ladenburg Thalmann Asset Management, was last heard round these parts two weeks ago warning that the correction had further to fly .