ROUT BACK ON: Dow Off 400, Bank Of America Below $7

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Just over 40 minutes to go, and the rout is back on.

After getting pulverized earlier in the day, stocks had tried to make a comeback around 1:30:2:00, and the Dow came back to down just 150, while the other major indices were down about 1%.

But the selling has resumed big time, and ominously the banks are leading the way lower, with Bank of America below $7, and Citigroup getting smashed as well.

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