Archive - Mar 6, 2009 - Story

• Tomorrow: Payrolls (Cons: -650k) and Unemployment (7.9%)
• FDIC desperate to bolster its reserves (Bloomberg)
• Senate democrats short on votes for critical $410 billion bill (Reuters)
• The deal that started the subprime bubble (NYT)
• Spitzer back in D.C., this time on real business (

The equity market is down nearly 4% and its not stopping there – so as we go into the close many see a test of S&P500 680 support with risks for a more dramatic flush. The race to the bottom in equities was again led by concerns about financials.

In a page right out of the post Sept.11 anthrax scare, a disgruntled 47 year old New Mexican, Richard Leon Goyette, allegedly mailed out 64 letters to JP Morgan which contained a white powder and text claiming anyone who inhaled the powder would die within 10 days.

In a page right out of the post Sept.11 anthrax scare, a disgruntled 47 year old New Mexican, Richard Leon Goyette, allegedly mailed out 64 letters to JP Morgan which contained a white powder and text claiming anyone who inhaled the powder would die within 10 days.