Good News Keeps Rolling In

Today, in a speech at the Futures Industry Association meeting in Boca Raton, Florida former National Bureau of Economic Research President Martin Feldstein said...

"The United States has entered a recession that could be "substantially more severe" than recent ones. "The situation is very bad, the situation is getting worse, and the risks are that it could get very bad."

Here is another person that knows what is going on and telling us to "duck and cover". I think it is time to "duck and cover". You remember that huge rally early in the week on Wall Street? The Dow just moved back below 12,000 today. So much for that.