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Dow Sinks 226 on Mortgage Market Worries
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[QUOTE]Originally posted by glassman: [QB] [QUOTE]Originally posted by Jo4321: [qb] Well, it was a quarter point, and so far, the market is taking it as a bad thing. DOW just dropped about 150 points in 5 minutes. [/qb][/QUOTE]up until the jobs report yesterday? everybody was expecting 50 basis points... the jobs report came in too strong for a full half point... nothing seems to add up anymore Jo... i dunno where all the jobs are coming from... except Xmas part-timers? [b]the jobs report came in at a "perfect" gain of 94,000 jobs for November - barely beating consensus by being neither too hot nor too cold.[/b] [URL=http://www.moneymorning.com/solid-jobs-report-subprime-bailout-plan-position-federal-reserve-policymakers-for-rate-cut-today/]http://www.moneymorning.com/solid-jobs-report-subprime-bailout-plan-position-fed eral-reserve-policymakers-for-rate-cut-today/[/URL] [/QB][/QUOTE]
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