Updated from 7:01 a.m. EST
The labor market is rapidly deteriorating, as evidenced by the number of jobless claims. Recent massive layoffs have occurred at companies such as
. Most industry pundits agree that a jobless claims number above 400,000 is considered a sign of recession.
So, of course, the market rallied 500 points.
On the earnings front,
posted an increase in third-quarter profits, but it reduced its fiscal year profit outlook, citing the economy. Overall, though, the report was better than expected.
We thought we'd take a look at some of the stocks people have been searching for lately on
, and see what
To read more,
(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Chevron, Wal-Mart and Morgan Stanley for his Action Alerts PLUS charitable trust.)
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