Today, Wall Street is reacting to new unemployment numbers:
http://www.cnbc.com/id/33136151
Unemployment is up to 9.8% which was expected but the total number that got us there was a much higher 263,000 job losses in September opposed to a predicted 180,000. This has some analysts now thinking that we could reach a 15% unemployment rate by 2010.
http://www.cnbc.com/id/33134493
Additionally, another disappointing factoid, the "new factory orders" index fell by 0.8% after rising 1.4% in July. Many are concerned if the appearant "end to the recession" was falsely called.
http://www.cnbc.com/id/33137788
Yesterday's over 200 point drop in the DJIA is looked at by some to be a part of the expected 5 - 10% correction in the market.
http://www.cnbc.com/id/32508371/site/14081545