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					Originally Posted by  fishpoopoo
					 
				 
				the futures market went UP when the merill news came out this morning and jobless claims were reported - people were expecting bigger sub-prime writeoffs by merill and higher jobless claims. 
 
then the philadelphia manufacturing index came out at a six year low and ben bernanke started flapping his gums on the telly.
  
has anyone been paying attention to the stock market carnage over the past couple of weeks?   
 
a recession is being baked in by the markets.  
			
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 Carnage, what ever you want to call it it's really bad and global.