Wall strip.

It's another non-stop bashing at Wall Street on Tuesday.Investors are feeling uneased being strip-off their pants in the first five days of 2008 though Tuesday marks the worst start to a year ever for the benchmark U.S. equity index.

All signals and theme start at this beginning shows sign of economic deterioration as fears of a U.S. recession mount on the heels of poor factory and employment data.The ugly start to January spells trouble for the stock market in the near term.

Tracking the Dow on BLACK Tuesday,8/01/08.

U.S. stocks tumbled on Tuesday after a warning by phone company AT&T (T.N: Quote, Profile, Research) of soft consumer spending sparked a new round of recession fears.

Countrywide shares dropped 27.4 percent in its steepest decline since the stock market crash of 1987. The plunge came amid speculation the company may file for bankruptcy as it struggles to emerge from the mortgage and credit marisis in one piece. The company denied the speculation.

The overnight bullish spin lasted only at the opening bell before it was slowly wipe-ouad economic reports creeping up the wall. At the close was a white bullish reversal candlestick which might give investors a reprieve tonight.

STOCK WATCH:

1.) BIPH - Volume Alert http://finance.yahoo.com/q/bc?s=BIPH.OB&t=1d Biophan is dedicated to providing technologies that offer innovative and competitive advantages to the medical device industry. The Company is helping to commercialize the Myotech Circulatory Support System, which has significant potential to improve the treatment of acute heart failure.

2.) CVBT - Continued Momentumhttp://finance.yahoo.com/q?s=CVBT.OB CVBT is a biopharmaceutical company developing drug candidates with FGF-1 as its active pharmaceutical ingredient (API) for diseases characterized by inadequate blood flow to a tissue or organ.