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View Diary: ADP reports 162,000 new private jobs were created in September (50 comments)

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  •  October 3 2008 (4+ / 0-)
    Stocks slumped Friday, as a brutal week ended with President Bush signing the historic $700 billion bailout plan after weeks of contentious debate.

    Credit markets remained frozen, despite the vote, with two measures of bank jitters rising to record highs. Investors also looked to Wells Fargo's planned purchase of Wachovia and a dismal job market report [loss of 159,000 jobs for a total of 760,000 YTD].

    The Dow Jones industrial average (INDU) lost 1.5% Friday and 7.3% for the week. On a point basis, the Dow lost 818 points this week, its biggest weekly point loss in seven years and the third biggest weekly loss ever.

    I hope Romney asks if people are better off now than 4 years ago!

    I think this is a perfect time to run ads reminding everyone of where things were 4 years ago.

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