Social Security...Anyone?

Close: Stocks got hammered for the third straight day, as an earnings miss from IBM and disappointing economic data further exacerbated concerns of a weakening economy... The Dow recorded its first third consecutive triple-digit loss in over 2 years while the S&P and the Nasdaq also closed at new lows for the year... Lower than expected Q1 earnings from IBM (IBM 76.51 -7.13) kicked things off, underpinning a negative tone to trading that continued to deteriorate into the close...