I would like to mention an article in today’s Wall Street Journal, titled “The Economy Is Even Worse Than You Think.”
http://online.wsj.com/article/SB124753066246235811.html
I found the article does a good job of highlighting certain characteristics of this period of economic weakness.
These characteristics reinforce a theme mentioned previously on this blog, that we are in a “new (economic) environment.”
SPX at 901.06 as this post is written
Copyright 2009 by Ted Kavadas