Today's Top Headlines

Morgan Stanley: 'Resilient' gold set for record rally - Investment News

Gasoline passes gold as year's best commodity - MarketWatch

Economy adds 103000 jobs but jobless rate remains at 9.1% - LA Times

Broadest measure of unemployment still ugly - WSJ

US needs to generate 261,200 jobs per month to return to pre-depression employment by end of Obama's 2nd term - ZeroHedge

Fitch downgrades Italy to A+, outlook negative - ZeroHedge

Moody's cuts ratings of a dozen U.K. financial firms (Moody's) and Nine Portuguese banks - Bloomberg

emailid=fsowebmaster[at]financialsense[dot]com&userid=53635&extra=&&&9436&&&https://www.reuters.com/article/2011/10/07/eu-banks-recapitalisation-idUSL5E7L70T020111007" target="_blank">France, Germany split over bank recapitalization - Reuters

emailid=fsowebmaster[at]financialsense[dot]com&userid=53635&extra=&&&9436&&&https://www.reuters.com/article/2011/10/07/us-dexia-ratings-idUSTRE79608J20111007" target="_blank">S&P cuts core Dexia banks - Reuters

Nassim Taleb: World's financial problems worse than 2008 - Bloomberg

Bank of England hits the panic button - Telegraph

Food-price declines won't feed hungry as dollar strengthens - Bloomberg

China's housing bubble looks relatively benign - CNBC

Property gloom deepens as China holiday ends - MarketWatch

Credit swaps on Chinese debt surge on slowdown fears - FT

Percentage of stocks above 50-day moving averages...

Bank of England Governor says world is facing worst financial crisis in history - Telegraph

California home prices off 6.2%, 7th worst drop - OC Register

California state fund to layoff 25% of workforce - Insurance Journal

Florida owes government $1.6 Billion (VIDEO) - WCTV

Market meltdown could light huge spark under Occupy Wall Street protests - Benzinga

One Wall Street protestor who gets it: