Sign #2: W-shaped recession


october market crashWithout consumer spending picking up drastically, the economy is facing a W-shaped recession/recovery -- not a V-shaped one.

We are currently climbing the second leg of W due to rising expectations about the economy. But the economy is not improving -- it is just not declining as fast as it was.

This realization will likely hit Wall Street next month, sending the market back down.

Next: Sign #3: The banks will lead us down again

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Last updated: February 10, 2012: 04:46 AM

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