MARKETS: OK, the really bad news first: the Mutual Fund Scandal is much worse than I thought. twenty five percent of brokers engaged in illegal trades; Up to 10% of funds allowed late trades; and preferential treatment at half of the funds. This is going to get worse before it gets better, and as I posted last week, this could damage markets more than anything Hillary and the Democrats could ever do. CBS Market Watch has a good overview.
GREAT News is that 47,000 new factory jobs were created, with the ISM Index rising to the highest point since 2000; the new orders index rose to 64.3 percent in October from 60.4 percent in September, the highest level since June 1994; spending on construction projects rose 1.3 percent in September after a 0.7 percent rise in August. This is great news, again. JOBS will be out Friday.