Dow Jones Loses for Eighth Consecutive Trading Day - Worst Streak Since September, 2001

The US Dow Jones Industrials Average recovered from its earlier drop below the critical 8,000 mark, but the 1.49 percent daily decline was the eighth such loss in as many days - the Dow's worst streak since the aftermath of the September 11, 2001 terrorist attacks. The stock index has not lost for nine consecutive trading days since February of 1978 - offering the theoretical possibility that it could see a bounce through Tuesday's market open. Yet the lack of concrete action in a statement from the G7 could mean that Asian markets open to sharp volatility through Sunday night, and it is less than clear if we may expect any sort of Dow Jones bounce through the near term.

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