It was another gut-wrenching day on Wall Street. The Dow closed down 369 points... to 9-thousand-955... but at one point.. stocks were down as many as 8-hundred points...

As we watch our 401k plans tank, the housing market grow more and more soft, and securing a loan near impossible , the fact that the dow didn't close even lower, might be today's only good news.

Right from the start of the trading day on Wall Street things did not look good. A steep plunge of almost a 300 points in the first few minutes of trading.

The situation did not improve. Extreme caution in the face of a weakening global economy swept across wall street pushing the dow jones industrials down 800 points, diving below the 97-hundred level for the first time in eight years. Dave Handerson is a floor trader on Wall Street. "Psychologically it hurts the floor a lot we don't like seeing money flying out the window as fast as it's been flying out the window... but, we were up in a higher level."

The fast spreading financial crisis fueled fears the economy would not avoid recession, investors realized that it would take time for the 700 billion dollar bailout plan to work. Taking no chances, they moved money from stocks to less risky investments such as treasury bonds.

President Bush tried to calm the market and reiterated that his economic rescue plan, which he signed on Friday, will work.

The credit markets remain frozen, a sign that banks are too worried to lend, even to each other. The Federal Reserve is making more money available for borrowing, but few expect the credit markets to ease up any time soon