The recession
Our current recession is masked by this historic climb in stock prices that feels like a new bull market but appears to be a classic, bear market rally.
- Jeff Miller: "I remain bearish. ... Recession odds are 100%. ... Stock market strength has provided a false sense of security."
- Kirk Spano: "Despite the gloomy economic outlook, the stock market has rallied, giving investors a chance to sell troubled stocks."
- Lyn Alden Schwartzer: "While the market enjoyed a nearly V-shaped recovery ... the underlying economy is not really showing signs of