Volvo! Say it aint so!

Just saw a story about Volvo's new truck orders in Europe for the third quarter. Last year they had in excess of 40,000 and this year orders fell to 115.

Absolutely stunning. This does not look good.

DD

A "jolt" from the JOLTS program!

Job openings continue to fall according to the most recent numbers from BLS.

DD

Map of Sept 08 Employment Report

Map shows the year over year employment change for each state from Sept 07 to Sept 08.

DD

State Employment: Sept 08

BLS released Sept establishment survey report today. On a year-over-year basis using non-seasonally adjusted data...

Nine states had employment growth rates of 1.0% or more. States were mostly in the Great Plains and Mountain West although D.C. and Maryland also made the list. 73 Electoral Votes.

Fifteen states had employment growth rates of less than 1.0% but still saw employment increase for the past 12 months. 127 Electoral Votes.

Twenty-seven states saw employment declines. 338 Electoral Votes.

Hope to have either a map or list up soon.

DD

Equity Market Bottom?

Gee, guess I was wrong about the possible equity market bottom two days ago.

Starting to regret not selling a couple of months ago.

DD

Worldwide 50pt Interest Rate Drop!

A lot of the recent market movement has been due to emotion not econ fundamentals per many experts. If this is true then perhaps this mornings rate cut will give us a bottom in the markets, both equity and credit.

DD