Blub Blub Blub

So, bailout passed the Senate, includes additional tax breaks, you'd figure Wall Street would be happy, right? I did.

I was wrong too. Dow down 348, as the unemployment numbers and the credit crisis refusing to loosen up does a number on stocks.

Stocks declined Thursday as a fresh batch of dismal data agitated a market already on edge about a freeze in the credit markets and the bailout bill as it heads to the House.

"Congress is dragging its feet to get this passed," said Tom Schrader, managing director for U.S. equity trading at Stifel Nicolaus Capital Markets in Baltimore. "I think economic worries are starting to settle in. Wall Street is starting to worry that the more credit dries up the longer it's going to take to reverse the negative consequences of what we've already seen."

The Dow Jones Industrial Average lost 348.22, or 3.2 percent, to close at 10482.85. The S&P 500 shed 4 percent and the tech-heavy Nasdaq fell 4.5 percent.

Tomorrow may be a lot better with the bailout most likely passing, but today was a messy, ugly day as it hit home just how bad things are going to get bailout or no bailout.

We're not going to turn around nine straight months of job losses overnight.