Wednesday, November 28, 2007

Wall Street finally sees a recession coming

That's all the financial press has been writing about for the last few days. I don't think that this is any more newsworthy than Helio Castroneves winning "Dancing With the Stars." Actually, it's less important because so many people have been predicting it. Hell, Jim Rogers for months has been saying that we're already in a recession. If the press is now writing stories about it, than it must be an old story. Don't fixate on the magical 10% number for a correction, or get caught up in these huge sucker rallies that happen once a week it seems.

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