Want to know why Friday’s high of 300 points in the black ended the session 150 in the red despite the passing of the 7 billion bailout package???
Two reasons. The recession in the USA is much bigger than a 7 billion dollar bailout package. Fridays jobless figures were absolutely horrendous, 159,000 jobs were lost in September, the largest drop in five years. And rumours of potential bank and insurance failures across Europe were making themselves heard loud and clear across the atlantic. (more…)

