Thursday, August 26, 2010

Don't quit your day job (if you still have one, that is)

This from the Los Angeles Times:
The Dow Jones industrials closed below 10,000 for the first time since early July after stocks sank on continuing concerns about the direction of the economy.

The blue-chip gauge finished down 74.25 points, or 0.7%, to 9,985.81 after rallying early in the session on a better-than-expected weekly report on unemployment claims.  
Helping to push stocks down was word of a second straight quarterly increase in newly delinquent home loans, which could foreshadow a new spurt of foreclosures.
Yes, if I were a Democrat and running for election (or re-election this year), I know I'm going to have a hard time. Many of them are worried about their individual prospects for success and for their party's chances of retaining both houses of Congress.

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