The market was lock-limit down early this morning, prompting Katie Holmes to say, "Everything in my life is sooooooo crazy!"
It Could be Worse
- Lock-limit down this morning and now we're only down just over 4%! That's a rally these days! Wooooot!
- Er... 5% now (updated).
- Bad news? Chrysler to cut 1 out of every 4 jobs. Good news? 3 out of every 4 jobs are safe! For now... The cuts, about 5,000 workers in total, will come from Chrysler's salaried and supplemental workforce. Chrysler has about 18,500 white-collar workers. Salaried workers, which will will make up a majority of the job cuts, will be offered buyouts and early retirement packages, said Chrysler spokesman David Elshoff.
- Will the Fed go below 1%? The Federal Reserve is widely expected to cut interest rates again next week. But could the Fed soon go where it has never gone before and bring them below 1%? Not a lot of wiggle room after that.
- Gas prices below $3... and falling. The national average price for a gallon of regular gas fell to $2.781 a gallon, down 4.1 cents from the day before, according to AAA's Daily Fuel Gauge Report. That's the 37th straight day that prices have dropped. Now THAT'S a win-streak for Main Street USA!
Home-Stretch "Strategeries"
- John McCain to use divided-government argument in last week. Because, gosh-darn it, it's worked so great the past 2 years!
- Colin Powell on Meet the Press one year from now. lol
- Thousand line-up in Missouri to see Sarah Palin. (Live video feed NOW!) The Alaska governor is scheduled to begin her speech at noon Friday at a rally in the parking lot of Bass Pro Outdoor World. Some spectators braved a stiff wind and chilly air to arrive by 3:30 a.m., long before gates opened at 9 a.m.