Tough way to close a week. US markets were hammered last night. It all went wrong. China released terrible manufacturing numbers. Followed by the fifth straight month of shrinking Euro-zone business activity. And then, US jobs and home sales data comes in weaker. Can it get worse? Oh yes! US banks were downgraded by Moody's.
Frankly, it is hard to paint a pretty picture. Very little good news out there. Actually I stand corrected. One great piece of news - It's FRIDAY.
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