Friday, February 6, 2009

Nearly 600k Jobs Lost in U.S. - Unemployment at 7.6%

http://bloomberg.com/apps/news?pid=20601087&sid=a7jpCSt.gQoM&refer=home

People are scared for their jobs and have stopped spending. Not good news when 70% of GDP is consumer spending.

Market is up on bad news. Appears, for now, to be discounting the worst.

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