Somewhat lost in all the commotion regarding the Bear Stearns ____________ (insert appropriate comment here) at the hands of JP Morgan, there was actually some economic news today. Unfortunately, for the economy's sake, the news was not pretty. In fact, it is hardly a stretch to think that the S&P 500 would have been down at least 1% just in reaction to the economic news. Below we highlight the four major reports that were released prior to this morning's open. All four were weaker than expected, and although the NY Manufacturing report has only been in existence since 2001, today's report was the weakest ever.
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