Can You Hear Him Now?
U.S. Stocks Tumble, Led By Financials as Mortgage Slump Worsens
"The Mortgage Bankers Association said delinquencies among all borrowers reached the highest since the second quarter of 2003. Government data also showed February retail sales rose less than economists forecast, spurring concern department stores and discount retailers will be hurt by the fallout from the home-lending market."
93% of the S&P 500, the leading indicators of the US stock market, plunged into negative territory today, and there are no indications that it's going to get better anytime soon.
Remember when Greenspan hinted at a possible recession this year, and all anyone could do was tell him to shut up?
Because, like, bad economic news goes away if people just stop talking about it . . .