Inflation was the main story of the day as the market started off okay and then tanked. This is the time when it seems investors split into two groups: those who start to fear the downward trend and wonder (or go through with) selling; and those who don't panic but spend time looking for stocks to buy.
IBM is getting cheap, banks are getting cheap (some risk, since it's a rising interest rate environment), lots of stocks to look into around this time.
I got a few good replies about my job hunting and problem with out of state jobs. If I apply to jobs in the NYC area, my cousin said I can use his address and this might work. I also plan to let the employers know that I'm willing to pay my own travel arrangements if they think I'm a qualified candidate. Another person suggested to taking a risk and actually moving to one of the cities, and then apply for a job.