Sometimes, there's just nothing you can say to lift someone's mood.
Stocks retreated Monday after a brief boost from comments from Fed chief Ben Bernanke tamping down worries about interest rates.
After an encouraging jobs report on Friday, which showed just 11,000 jobs were lost in November, investors began to worry that the Fed would raise rates sooner than expected, which sent the dollar higher and stocks lower.
Bernanke helped cool things down temporarily, saying it's still too soon to tell if the recovery will last.
We still have some way to go before we can be assured that the recovery will be self sustaining," Bernanke said in prepared remarks to the Economic Club of Washington.
But it was no consolation for the market, which resumed its descent, led by financials, technology and energy.
Fed-funds futures are currently showing about a 54-percent chance of a rate increase at the June policy meeting, down from 72 percent on Friday.
The dollar remained lower, after hitting a five-week high against the euro earlier. Oil was trading below $75 a barreland gold was around $1,160 an ounce, after setting a record above $1,200 last week.
New York Fed President William Dudley also has a public appearance his schedule today, though that doesn't come until after the markets close. He'll speak to a Columbia University audience at 5:45 pm.
Only one economic number is on the schedule for today and that doesn't come until 3 pm, when the government issues consumer credit figures for October. Economists think outstanding credit shrank by $10 billion during the month, compared with a drop of $14.8 billion in September.