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Players in the word. This is the cbs evening news with jeff glor. Glor good evening. This is our western edition. The stock market picked up where it left off last week, continuing its sharp slide. The dow plunged at the opening bell, then recovered, but in the afternoon the selloff accelerated. At one point the blue chip index had fallen by nearly 1,600 points before closing down more than 1,100, thats a record one day point drop. Ans News Business analyst Jill Schlesinger is here. An absolute record drop, not jillentagewise at least. Ngll, talk to us about whats happening, correction, bear market, whats going on . We have been enjoying this bull market since march 9, 2009, the second longest bull on record, so it stands to reason foat weve been a little overdue for some selling. So if you look at it, this bear market, a bear market would be defined as a 20 drop from a recent high. The last two days were down 8. 5 from the high reached on january 26th. So close to a 10 correction. vt

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