Wednesday, October 15, 2008


Headline for the Financial Times when I logged on at 4:30EST.

"Stocks slide on mounting recession fears"

Really? They didn't assume a recession was coming one way or the other? Wasn't that a fundamental agreement by all parties on all sides of the spectrum, that whether or not this bailout works we are facing or are already in a recession? I very much doubt investors just kind of realized this.

Must avoid those two consecutive quarters of negative growth!

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