It’s been building all day, that sinking feeling that markets have stopped getting better. Demand for Treasuries has been huge today after an abortive rally in currencies and commodities was quickly derailed and the depressing debate over whether or not to bailout the autos casts a pall over the markets. The Dow is down 240 points, near session lows and EUR/USD setting fresh lows daily lows. Risk aversion remains the theme with the Fed holding out little to no hope for an economic recovery in the foreseeable future. Grim, but true.