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Battered investors tired of hearing recession over

November 2, 2009

The American public is starting to get more than mildly annoyed at those who tell them the economy is bouncing back.

For every economist or politician who tells you the recession is over, there are a dozen people who think we're in the midst of a depression.

For every administration official who points to the success of the stimulus plan in creating jobs, there are many thousands of ordinary citizens in line at the unemployment office.

For every market analyst who debates whether this is a tradeable correction in a bull market rally, there are hundreds of retirees wondering how they will survive on their shrunken IRAs.

And for every pundit who proclaims that things are getting better, there is a University of Michigan or Conference Board survey of consumer sentiment that tells us people are growing more worried.

Continue reading Terry Savage's column >>