Today was nothing short of "Bailout Failure: Day 2 of the Siege" after Bernanke and Paulson both talked down the markets in the speech over the need for the bailout package on Capitol Hill. It is becoming the fear or the concern that many failures are just going to have to shake out of the system. The good news is that oil fell too after a record day into yesterday's futures expiration for the October contract. Bond yields also rose on fears that the Treasury is just going to print money for whatever bailout package it puts together.

Below are today's unofficial closing bell levels:
DJIA 10,851.30 -164.39 (-1.49%)
NASDAQ 2,155.34 -23.64 (-1.08%)
S&P500 1,189.96 -17.13 (-1.42%)
10YR T-Note 3.841% (+0.015%)
52-Week Lows
Analyst Upgrades
Analyst Downgrades

Air Products & Chemicals Inc. (NYSE: APD) lowered its guidance for the quarter. The company now sees its earnings in a range of $1.24 to $1.26 EPS, while First Call has the consensus estimate of $1.40 and its previous guidance was $1.37 to $1.42. It gave its one-time reasons, but this sounds more symptomatic than anything.

Circuit City Stores Inc. (NYSE: CC) announced that CEO Philip Schoonover was forced to resign amid nearly two-year's worth of troubles and management missteps that drove this company into the ground. Shares were indicated up over 5% early today, but traders sold the news as they just expect the numbers to get worse. Shares were down over 5% at $1.61 immediately before the close.

Citigroup Inc. (NYSE: C) was down over 4% at $19.20 in today's final miunutes. Part may be on bailout concerns, but Meredith Whitney of Oppenheimer cut key bank estimates again along with other money center banks.

General Electric Co. (NYSE: GE) was down almost 4.5% at $25 in the final minutes today although not on news out of the company itself. It seems that Merrill Lynch has finally figured out there is more turmoil in the consumer and financial sector. The brokerage firm downgraded its Buy rating to a lower Neutral rating.

ImClone Systems Inc. (NASDAQ: IMCL) was one of the few real winners with shares up over 6% at $63.11 in today's final minutes. This is after the acquisition offer has now been raised to a formal tender of $62 per share.