Worst 10-Year Market

From NYTime:

Readings for the Day

From Mish: Wells Fargo's Balance Sheet: Scaring the Horses
From Mish: Case Shiller and CAR Analysis January 2009 Release

Worst January Ever

As goes January so goes the year. Or so they say.

It was the worst January ever for the Dow industrial and S&P 500, according to Stock Trader's Almanac data.

The Dow lost 8.8% and the S&P 500 lost 8.6% in the month.

The Nasdaq's loss of 6.4% was eclipsed by last January's loss of 9.9%. That 2008 loss was the worst in the tech average's history, going back to its inception in 1971.