Financial journalists are predicting that next week will continue with losses in the DOW and S&P.
More data on jobs and banks showing how the economy is contracting is due to come out.
So buck up, relax over the weekend, stay positive and afloat, we will all get through this economic hail storm. As they say, its a time to count one's blessings. In truth it always is.
Reuters: Banks and economy to keep bears' grip on stocks
"It unfortunately appears that the same issues creating the contraction in the economy -- that being job losses and (home) foreclosures -- are the same issues impacting banks' balance sheets," said Dean Curnutt, president of Macro Risk Advisors in New York. "There's a real unfortunate feedback loop here."
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