Where is the bottom?

[Grieve]

The bottom probably depends on the fed as much as anything else. These job numbers were bad enough that more stimulus is back on the table. In that sense they were almost good - the worst scenario is where the jobs numbers aren't healthy enough to juice the economy, but not bad enough to force the fed's hand. We could get a big rebound if Bernanke does something significant. Of course, the reverse is true too - if he does nothing the markets could sell off even more.

One thing I'm pretty certain of is that we won't get is any help from congress. A bad economy and worse jobs numbers are the best way for Romney to win, so there is no way they are going to do anything to improve things and let Obama take the credit. And any further discussion on that topic will be in the Political forum...