Stocks up but U.S. economy still bleak

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	Stocks up but U.S. economy still bleak

chaynepain

11-27-2008 1:09 AM

187 views

tags:

us recession, us economy, economic crisis

chaynepain says:

A brief ray of sunshine in the stormy financial weather plaguing the U.S. More bailout on the way.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/0251aa6e-37eb-40c6-bb61-36e6ec723f07/FD696943-538B-4181-A1A6-B6E84341317B/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.yahoo.com/s/ap/20081126/ap_on_bi_ge/financial_meltdown" href="http://news.yahoo.com/s/ap/20081126/ap_on_bi_ge/financial_meltdown" style="font-size: 11px;">news.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20081126/ap_on_bi_ge/financial_meltdown"><P>WASHINGTON – <SPAN id="lw_1227756260_0" class="yshortcuts">Wall Street</SPAN> finally has something to be thankful for. A set of economic reports out Wednesday were predictably gloomy, but the stock market continued its winning streak. The <SPAN id="lw_1227756260_1" class="yshortcuts">Dow Jones industrials</SPAN> rose 247 points, the first time since April 15-18 there were four straight days of gains.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20081126/ap_on_bi_ge/financial_meltdown"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/news.yahoo.com/img/D84C1972-3331-4C70-8008-1B8880835B48" alt="Paulson weathers attacks" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20081126/ap_on_bi_ge/financial_meltdown"><P>And no one thinks the bleak economic data will end anytime soon, either. Stores have been holding back on holiday hiring this year, and that could further raise the <SPAN id="lw_1227756260_5" class="yshortcuts">unemployment rate</SPAN> for the next two months. The government will issue the November jobless report next Friday.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/FD696943-538B-4181-A1A6-B6E84341317B/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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