Dow down more than 200 points in early trading

The Dow and S&P are setting new lows as the Obama administration has mismanaged investor confidence in a bank rescue plan with no details and a stimulus plan that only will spend a fourth of its funding the next two years.

The Dow is prepared to smash through a floor of 7600. It is now down more than 200 points.

The S&P has already broken its floor of 800. It is down almost 30 points.

If you are still in the market today, be prepared to lose up to 5 percent of your money.

And there is nothing on the horizon to stop the descent.