How's that bear going?

Just another day in the sharemarket:

Yesterday's respite on Wall Street looks to have been only momentary.

US stock prices have headed sharply lower again amid more indications of distress in credit markets.

Sentinel Management Group is looking to freeze redemptions on its investment funds in an effort to avoid liquidation.

And the giant Swiss bank UBS has warned that the market problems are likely to hurt its investment banking business in the second half of the year.

As for my reckonings for the Wilshire 5000:

High: 15,700.95 (13 July 2007)
Close: 14,360.33 (14 August 2007)
Difference: -1,340.62
Loss: -8.54%