The Dow picked up where it left off Friday, dropping more than 100 points before paring losses in early trading. After blue chips closed down 419 points Thursday on fears of a global recession, uncertainty has set in on Wall Street. "We are in an unmitigated bear market," Dennis Gartman, author of The Gartman Letter, told CNBC. Analysts all around the world have slashed growth forecasts for the U.S. and European economies and many fear a double-dip recession is looming. Still in the first hour of trading, both the Dow and the tech-heavy Nasdaq showed modest gains.
