Market Plunges After 10.2% Unemployment

{ Posted on Nov 06 2009 by Vince Veneziani }
Categories : All, Clusterstock

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Markets had been looking flat-to-slightly higher prior to the big jobs report, but that's gone.

As one trader put it: "Futures fell off a cliff."

Of course, we still have 30 minutes before the market is actually open, and perhaps we'll get a sport on optimism that the Fed won't be raising rates anytime soon.

Oh and that second stimulus? Done deal.

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This entry was posted on Friday, November 6th, 2009 at 9:58 am and is filed under All, Clusterstock. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.


One Response to “Market Plunges After 10.2% Unemployment”

  1. By bondwooley on Nov 6, 2009 | Reply

    Since the government can’t solve the problem, it’s time the people faced unemployment with our own ingenuity:

    http://bit.ly/ozqT6

    (satire)

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