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Friday, October 3, 2008

CMKX - Bailout Bill Passes - All Is Well...??

Bloomberg.com

U.S. Stocks Slide in Worst Week for S&P 500 Since 2001 Terrorist Attacks (Full Report)

U.S. Stocks Drop as Recession Concern Outweighs Bailout Passage
By Eric Martin

Oct. 3 (Bloomberg) -- U.S. stocks slid, capping the worst week for the Standard & Poor's 500 Index since the 2001 terrorist attacks, on concern the $700 billion bank bailout isn't enough to unlock credit markets and prevent a recession.

Payrolls in U.S. Drop in Sign Economy May Enter Worst Recession Since 1982 (Full Report)

Crisis Hits Main Street as Employers Cut More Jobs
By Shobhana Chandra and Rich Miller

Oct. 3 (Bloomberg) -- U.S. payrolls plunged in September, signaling the economy may be heading for its worst recession in at least a quarter century as the 13-month-old credit crisis on Wall Street finally hits home on Main Street.

1 comment:

Anonymous said...

"But the good news, the crime rate is down. Isn't that amazing? Less banks are being robbed. Well, sure. A, there's less banks. B, the banks don't have any money left. And C, nobody's got gas money for the getaway car. So, right there, crime is down!" --Jay Leno