Dismal numbers to say the least. Dow went down 275 points today. The Bearish Case
The Eurozone is in real danger of collapse. Europe as a whole and the individual countries are either in or entering recessions. There is rampant, horrific unemployment and a banking system in chaos.
The Chinese growth story is done. Growth is slowing faster than the Chinese expected. Imports are collapsing. They can't help us now.
The U.S. recovery is gone. The promising data from earlier this year has reversed.
These things aren't good or bad. They just are. These are real problems; the markets aren't just being irrational.
Jobs Report, Market Slide Raise Fear of Cruel Summer Ahead | Breakout - Yahoo! Finance