[oblomov]

It's quite telling how the media portray this credit crisis as if it just emerged out of nowhere and caught everyone by surprise. And it's also interesting to observe the media move so quickly from asking "Are we in a recession?" to "How deep is the abyss?"

[LiberConservative]

Butbutbutbut the "stimulus" is going to fix this, right? Right? RIGHT?

[lonestar67]

No one can say for sure. .

but if you vote Democrat in November, we can bring an end to all of your anxiety MSM

[Dogbert41]

It’s as deep as the oil is burried. Want someone to blame? Blame Congress. They stopped the Nuclear plants, they stopped the drilling, they stopped the refineries. Then they all got in bed with the oil princes in the Gulf and sold the Americans down the river for $100 dollars a barrel when it costs .50 cents a barrel to bring it up.

[Travis McGee]

"There is absolutely no truth to the rumors of liquidity problems that circulated today in the market. Bear Stearns' balance sheet, liquidity and capital remain strong."~~Alan Schwartz, Bear Stearns CEO, March 10, 2008

[Matchett-PI]

Gary Kaltbaum http://www.garyk.com/

Links to his latest commentary here:
http://www.tradingmarkets.com/.site/stocks/commentary/gkitermi/-75870.cfm

Major League Rotation By Gary Kaltbaum
TradingMarkets.com
March 20, 2008 10:00 AM ET

There is a very good chance the last of the bull market sectors have now entered their own private bear market... at least for the near term. These are the sectors I have been writing about as holding up during the carnage. This includes GOLD/SILVER, OIL, COMMODITIES, FERTILIZERS and AGRICULTURE. They have been the only game in town thus a lot of late money and a lot of momentum money flooded in. That cuts both ways as momentum is twice as quick to get out... thus the recent yonking. I do believe there is a longer term bull market in the COMMODITIES but there was no way they could keep the rate of ascent they have been experiencing.

That leads me to the potential good side of the equation. I am a big believer in inter-market work. That simply means if OIL goes down, what benefits? If COMMODITIES drop, what benefits? I believe there is a good chance that we are going to see rotation into areas that have been dead in the water... how about RETAIL, RESTAURANTS, TRAVEL , TRANSPORTS and the like.

You get where I am going with this. If we do not get rotation into these areas... look out as the market will break. If we do get rotation, I expect the market to hold.

[snip]

[VRWC For Truth]

The out of control gov’t spending has nothing to do eith it, right? Throw the bums out!

[KoRn]

A woman I work with mentioned a “recession coming up” a few months back. I asked her if she was doing worse economically, or anything of the sort and she said “no”. I then asked her what she was personally concerned about, and she couldn’t give me an answer, she just gave me an add look, as if I was crazy for asking such a question. I think with most people, the media ‘announces’ there is a recession, and the sheeple just fall in line and behave like there is one.

[Fishing-guy]

Since last year, people have been talking about a economic slow down in 2008. The fear-mongering only makes it appear worse.

[gunservative]

It’s a “media created crisis”.

[DannyTN]

"economic water torture"

a result no doubt of economic global warming.

[Rembrandt]

“How Deep Is Economic Abyss?”
—
We could find out by electing Her Thighness. Wall Street will plummet.

[AZLiberty]

The combination has forced the economy to the forefront of the national conversation in a way it has not been since the go-go 1990s, and for entirely opposite reasons.

This author seems to have forgotten the year 2001.