Employment decline

The stock market took a fall Friday mainly due to August data showing the first employment decline in four years. This is only heightening investors' fears that the credit crunch has developed into something more serious. Some are beginning to talk seriously about a recession but many think it is overreaction. "I think we'll look at today as an overreaction," said Art Hogan, of Jefferies & Co., who thinks we will see buying opportunities next week. Everyone is still waiting to see what the Fed will do and I am quite interested myself. I know one thing. . . I'm glad it is Friday. Have a great weekend! DJIA -249.97 Nasdaq -48.62 S&P 500 -25.00