From CNBC: The S&P 500 (stocks of the largest 500 companies) are down a total of $6.9 Trillion.
A big thank you to Iowa Senator Chuck Grassley. More than anyone else, he scuttled the President's plan to privatize Social Security. (He was chair of the Senate Finance committee.)
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542,000 people filed for unemployment last week. The highest number in 16 years.
On the positive side oil closed below $50.
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Lonnnggg week over. I'll be back to more frequent posting.
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