Image via Wikipediahttp://www.theglobeandmail.com/servlet/story/RTGAM.20081024.WBmarkets20081024090604/WBStory/WBmarkets"Douglas McIntyre, writing on the 24/7 Wall Street blog, believes the Dow Jones industrial average could fall 1,000 points on Friday – and he does a nice job of summarizing why investors have suddenly become pessimistic about a rebound in either the stock market or the economy.
“The most deeply pessimistic economists that most of the world thought were crazy six months ago, even one month ago, are turning out to be right,” he said."
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