capitol hill cannot or will not help. wall street see sawed after jpmorgan chase sounded an alarm. a massive rebasing for expectations for second half growth. reporter: the new prediction is our growth through the end of 2011 will be just 1%, not 2.5. another worrisome sign, oil prices are relatively low. well, that s it. everyone is talking about the potential of a double dip. reporter: a double dip, a return to recession. there is worry one would start this fall. i think that would be a tremendous blow to business confidence, consumer confidence, neither which is particularly strong right now. and then i think you re worried about a spiralling effect and getting a much sharper pullback. reporter: stock and high-tech powerhouse hewlett-packard plunged 21%. bank of america, largest lender in the nation, will cut as many as 10,000 employees. 3.5%, workers like mark white. our team has shrunk from 17 people to about 9. reporter: on vacation on martha s vineyard,