We have entered a turn of the Century Depression. It is layering in like lava from as volcano - those nearest are hit first - sooner or later...it covers the land. Why is it not recognized in public by the media, public officials, etc. etc? Delivery of bad news - kills the messenger. Sometime in July, after the 2nd Quarter, A confirmation of Recession will either be stated or, there will be an economic U-turn.
The Current Recession began 9 months prior it being recognized "Officially."
UPDATE: Monday Morning - It's on the table - Much bigger Problems at AIG and Warren Buffett says Economy is in Shambles thru 2009 (translation = Depression)
pre-market DJI less than 7000 - should pass by 6800 maybe even 6500 to base of 6,000