Inflation picks up, consumer spending drops, stocks fall

[OzarkDem]

Nov. 2 (Bloomberg) -- U.S. stocks fell after a government report showed labor costs increased more than economists expected, suggesting inflation may accelerate and give the Federal Reserve less reason to cut interest rates.

``We're a bit vulnerable here,'' said David Briggs, senior vice president of equity trading at Federated Investment Management in Pittsburgh, which handles $30 billion in equities. Now the Fed isn't ``going to cut as quickly. We have nothing to look forward to now.''



http://www.bloomberg.com/apps/news?pid=20601103&sid=as1c_NMeHouA&refer=us

[TAPat]

1. Man, I hope we can turn this crap around

before it gets too bad - otherwise it's everybody jump in the handbasket, we're ready to go! :(

[FightingIrish]

2. Obviously Kerry's botched joke drove the market down

[OrangeCountyDemocrat]

3. "We're A Bit Vulnerable Here..We Have Nothing To Look Forward To Now"

What a piece of shit.

That's the Understatement of the year!