Hmmm, or maybe nothing will happen but a recovery?
Freddie/Fannie looking better:
http://www.marketwatch.com/news/story/financials-rise-fannie-freddie-wells/story.aspx?guid={692F98DF-60E7-40E2-B340-7A2090407EAF}
Rate increase may be coming soon (good for dollar):
http://www.marketwatch.com/news/story/some-fomc-members-pushed-quick/story.aspx?guid={E9EE28C7-D4A7-48CF-9DB4-0B8C68DA5FFE}
Stocks rally:
http://www.marketwatch.com/news/story/us-stocks-rally-major-indexes/story.aspx?guid={9B489CBB-15EC-4482-A130-F22FB4CB9B2A}
Oil down, market happy about it:
http://www.marketwatch.com/news/story/investors-cheer-billion-dollar-losses-amr/story.aspx?guid={1BC77C94-9A12-4248-8BDF-ADDF6BE0043B}
Airlines looking a little better:
http://www.marketwatch.com/news/story/intel-posts-25-jump-quarterly/story.aspx?guid={935660C0-FE86-4E06-B25A-97922AB5FDB4}
One for AWDTinfoilDrifter… Bad news in China:
http://www.marketwatch.com/news/story/chinese-stocks-become-worst-performers/story.aspx?guid={AD0AD23C-71C5-44DF-9B48-84241E9FAE40}
Playing a little nicer with Iran:
http://www.cnn.com/2008/POLITICS/07/16/us.iran/index.html
Indymac failure may have more to do with internal fraud than the economy:
http://money.cnn.com/2008/07/16/news/companies/indymac_FBI.ap/index.htm?postversion=2008071616
Now I’m not trying to claim that everything will be up up up from here on in. But you have to look at some of the positives when you’re discussing doomsday type scenarios.