Dow Closes below 7,000

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The Blue Chip dropped to levels not seen since 1997 and you can thank AIG as it reported the biggest quarterly loss in corporate history. The US goverment is preparing to revamp it's bailout of the financial giant, but the future looks grim for AIG.

"There are reverberations from AIG and also the continued uncertainty around the financial sector as a whole, which is the chorus that never ends," - Bill Stone, chief investment strategist at PNC Financial Services.