The week began with a very narrow range trading day on relatively low volume closing down 5 points on the DOW.  The ISM report attained the lowest level seen in over 25 years.  Construction Spending was down and Auto Sales were pathetic rounding out the economic news before election day.

Election Day was all about change and the hope of a new beginning as the DOW closed up a robust 305 points.

Wednesday was back to the reality of an extremely poor economy as the ADP report on private sector jobs indicated a loss of 157,000 jobs.  The DOW dropped 486 points.

Initial job claims continued to cast a heavy pall on the economy as claims hit a 25 year high.  Earnings reports continued to guide very cautiously into the fourth quarter and 2009. The DOW recorded back to back massive selloffs moving down another 443 points.

Non-Farm Payrolls, the report we were all waiting for this week came in 30,000 jobs worse than expected at 240,000 jobs and the jobless rate increased to 6.5%.  August and September jobs were also revised dramatically down yet the market responded with a 248 point up day on the DOW.  Volume has been remarkably low this week as the indexes fell week over week.  The DOW, SPX and COMPQ were all down -382, -38 and -74 respectively.

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