This proves Pelosi right. Unemployment is good for the economy. The Stocks go up when the normally would go down. The worse tye news the higher go stocks.
I have always thought the reason stocks go up on higher unemployment, is that it is better for the bottom line of companies.
Bad news for American workers is good news for WS.
But this situation is differrent. The layoffs this time are due to the overall health of the companies. BIG DIFFERRENCE. And the idiots on WS are listening to SOROS telling them Deficits are good. Neither Wahington OR WS is listening to the American People. ENOUGH IS ENOUGH.