Panic continues on Wall Street
Panic on the global markets continued on Wall Street with the Dow dropping below the 8,000 mark.
Wall Street plunged again Wednesday as investors grow increasingly fearful about more turmoil in the financial system even after the government's bailout of insurer American International Group Inc. The market's losses are nearly on pace with those seen in Monday's nosedive and investors are seeking the safety of hard assets and government debt.