Dow drops 236. S&P enters "bear market" territory

As a follow up to the post below from Chris, the markets tanked again today:

Stocks tumbled on Wednesday, dragging the S&P 500 into a bear market as worries about more credit losses hurt financial companies and Cisco Systems led technology shares lower after its CEO raised fears of an extended economic downturn.

The Dow Jones industrial average <.DJI> fell 236.77 points, or 2.08 percent, to end unofficially at 11,147.44 and the Standard & Poor's 500 Index <.SPX> sank 29.01 points, or 2.28 percent, to finish unofficially at 1,244.69.

And, John McCain doesn't get the economy. Yikes.