Ugly start to the 4th quarter

Another ugly, ugly day.

Dow dropped 258 (-2.36%) points to close at 10,655. The S&P was -2.8%. Small Caps continue to take it on the chin and were -5%.

Financials led (again) the downward charge. BAC was down almost -10% to close at 2008 levels. It hit a new 52 week low to close at $5.53.