Updated from 3:29 p.m. EST
So barring a last-minute rally, we have an ugly end to another ugly week. How bad can it get? Over on our subscription site RealMoney, Jim Cramer says that if the negatives keep coming, and understand this is worst-case scenario, the Dow might be looking at 5320. Check out the article.
Considering the measure has lost 468 points, or 6.6%, through the first four sessions this week, maybe we should be happy if we get a flat day. Of the 30 stocks, 19 were trading down and 10 were higher, while Citigroup ( C) was unchanged. General Electric ( GE) was the best stock, up 3.2% at $6.87. Chevron ( CVX) followed with a 2.7% gain. By far the biggest decliner was GM ( GM), which slumped 29% to $1.32 on continuing concerns about its ability to remain a solvent enterprise. JPMorgan Chase ( JPM) was next in line with a 5.4% decline at $15.70. We'll see if we can get out of here without too much more damage.