daily market review 11/02/2007

--Mer dropped 9%, analysts from Deustche Bank said Merrill will write down another $10 bil --LCDX has dropped 2% to 98 cents since end of Oct --employment numbers for Oct is 166k, est 85k, last month 96k --In total, the October jobs report has extended the ongoing dichotomy between actual available data, which show a resilient U.S. economy outside the housing sector, and widespread expectations that the broader economy is doomed to experience a sizable hit from credit-market turmoil.