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Why's The Market Down?

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June 06, 2008 – Comments (2)

Companies At Risk Of Downgrade Hits Record: S&P

Oil Leaps Over $134 on Weak Dollar, Morgan Report

Jobless rates jumps to 5.5 percent _ biggest rise since `86

That kind of stuff has sent stocks up for weeks now...

2 Comments – Post Your Own

#1) On June 06, 2008 at 12:51 PM, madcowmonkey (< 20) wrote:

Yeah. Everybody was expecting another 2% gain on the fact that unemployment went up. I don't get it. Must have something to do with those hedge fund managers losing their jobs:)

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#2) On June 06, 2008 at 1:26 PM, binv271828 (< 20) wrote:

No kidding. Lehman announces it needs to raise 4B in capital and the stock goes up 8%..???. What is unexpected is that today is behaving as expected :)

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