The "W" in Recession

Many economists were projecting a “V” shaped recession and the Fed has already said that the worst is over.  You may have missed the 60 Minutes story on the next phase of the bubble bursting so I have added it below.  I disagree with the final statement of the interviewee.  Wall Street may be forward looking but that does not necessarily translate to profits for the average investor.  I believe we are in a bear market rally only to plunge again once the sentiment of the public turns south again.



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