Lame Duck.

President Bush is currently on the lame-duck status with two months left in office and with a departing administration.Hardly can he deliver any goodies if he were to meet world leaders at the weekend economic summit.

Tracking the Dow on Tuesday,11/11/08.
9:30am:--180.0 points gap-down.
Economic concerns weigh on sentiment.
A bearish hammer follow suit.
10:30am:--Hangman Dojis.
Crude prices are down 4.1% to $59.81 per barrel, which is weighing on energy stocks (-3.7%).
Several notable companies had their earnings estimates slashed this morning.
11:30am:--Technical rebound.
Luxury homebuilder Toll Brothers (TOL 18.48, -0.47) said revenue fell 41% year-over-year.
12:30pm:--Bullish engulfing.
Market breadth is bearish. Decliners outpace advancers by 20-to-3 on the NYSE.
1:30pm:--Bears holding at day's low.
Sellers continue to outpace buyers. In a half-hour, the government will outline a new mortgage relief plan, according to reports.
2:30pm:--Ascending soldiers peak.
Stocks recover some ground after CNBC reported that BlackRock's (BLK 113.07, -2.48) vice chairman said the $30 billion Bear Stearns mortgage portfolio is generating better cash flows than the market price implies. BlackRock is managing the $30 billion in assets that the Federal Reserve assumed following the collapse of Bear Stearns.
3:30pm:--Bearish harami after mortgage plan news.
Government officials outlined a new mortgage modification plan for loans held by GSEs Fannie Mae (FNM 0.69, -0.03) and Freddie Mac (FRE 0.84, -0.04). The program targets the highest risk borrower who has missed three payments or more, owns and occupies the property as a primary residence and has not filed for bankruptcy. The borrower's loan payment will then be modified to be affordable, which the FHFA defined as no more than 38% of total monthly gross income.
4:00pm:--Bearish spin beneath the MAV

Tuesday's candlestick is a typical bear hammering a downtrend.
Consumer spending worries send stocks lower for the day.