The Philly Fed Survey current business activity index plunged -30.7% for August. The below graph is the Philadelphia Fed Current Business Activity Index against Industrial Production, the national manufacturing and output indicator, released by the Fed.
The Senators issued their call in a joint press release and letter to the Dow Jones Special Committee on journalistic integrity made part of the Murdoch acquisition. The committee was created to oversee acquisition and assure that DJNS and the WSJ not suffer degraded integrity and journalistic standards due to the sale of the properties to Rupert Murdoch's News Corporation. (Image: Guardian "denials" video)
Remember last week when the Dow went nuts and dropped almost 1000 points?
Reuters is reporting the myserty is solved and if true, is almost worse than the speculations. It was a hedge fund, money manager Waddell & Reed Financial Inc., selling e-mini contracts. They run a $22.1 billion fund.
The Dow goes nuts! It dropped 1000 points suddenly. CNBC is reporting it was a human error, someone entered a B instead of a M for millions. Update: CNBC (what a surprise), is full of it. There was no typo which caused the biggest DOW drop in history. Citigroup, the unnamed typoist, is fairly irritated about it too for they looked over their trades and there was no typo.
Pretty rare to see a concensus of market predictions as a headline but Bloomberg has one.
The Standard & Poor's 500 Index is poised to extend this year's 42 percent drop after a rally from last week's five-year low lasted just one day, say analysts who study charts of trading patterns and prices to forecast changes in stocks.
Senators John D. (Jay) Rockefeller (D-WV) and Barbara Boxer (D-CA) 
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