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What was the reason for today's sell-off? Well, the answer is the same as it has been too many days: A culmination of bad news, weak data, bankruptcies, worries about banks and institutions, and that this recession is going to go on much longer than what the market is hoping for.

You might see the same explanation tomorrow if there is another sell-off. And next week. It is the same one from January and the same one from most of last year. Here are today's unofficial closing bell levels:

Dow 7,554.28 -296.13 (-3.77%)
S&P 500 789.35 -37.49 (-4.53%)
Nasdaq 1,470.66 -63.70 (-4.15%)

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Closing Bell: A strong selloff day as Dow, S&P, Nasdaq slip; DE, XOM, GM, JNJ, SIRI originally appeared on BloggingStocks on Tue, 17 Feb 2009 16:00:00 EST. Please see our terms for use of feeds.

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