News
1. The jobs data for August was extremely bad
2. The june and july jobs data was drastically revised down
3. Any fed rate cuts now look too late to save the US economy from recession
4. From a technical perspective, Dow was clinging precariously to its uptrend and was poised to move fast either up or down on the release of this data which was effectively the trigger for the bulls and bears to battle. With such weak data, the battle was over in a flash.
crash part two, page-36
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