« Judge Revokes George Zimmerman's Bail; Gives Him 48 Hours To Surrender Himself; Says Zimmerman Failed To Disclose Website's Defense Fund In Financial Statement
Update: "Coded" Conversations Recorded on Prison Phones |
Main
|
Bill Clinton: Stop Attacking Romney's "Sterling Business Career." As a Matter of Fact, Stop Attacking His Governorship, Too.
Steny Hoyer Attempts Walking It Back »
June 01, 2012
DJIA Falls 250 Points on Jobs News, General Malaise
Key quote:
"It's painfully obvious the economic recovery in the U.S. isn't just slowing down, it's pulling up the emergency brake," said Todd Schoenberger, managing principal The BlackBay Group.
Some of their hopes pinned on the Fed -- they hope there's talk of QE3. If the Fed talks up Q3, then, they say, maybe this sell-off will be brief.
But others think this situation, while bad, isn't so bad to spur the Fed into a third round of "quantitative easing," or printing money.
The ISM manufacturing index has fallen. It is still above 50, so it indicates expansion in that sector, but barely, and is consistent with a slowdown.