Recession?

The fears of a recession is what is making the markets trade so strangely. A news tidbit this morning..


Freddie Mac (FRE) chief warns of recession: The Financial Times reports the chief executive of Freddie Mac (FRE) warned on Thursday the U.S. economy faces a 40 to 45% risk of recession induced by the housing market downturn.

It is this kind of news that keeps hitting the markets which keeps the broader markets from moving with conviction instead of anxiety.