Will they be talking "double dip" again soon?
also from the WSJ:
By Dave Kansas
Lots of slowdown signals in the market this morning, boosted by the brutal housing data and the weak industrial production news.In the stock market, the headline averages aren’t moving a great deal — The Dow Jones Industrial Average is off 0.4% — but a clear divergence between cyclical stocks and defensive stocks is clear, with cyclicals stocks down and defensive shares holding or gaining ground.
The Treasury market is echoing that divergence, with the benchmark 10-year bond up about 1/4, and its yield, which moves in the opposite direction, down at 3.115%. Bonds tend to rally on whiffs of economic sluggishness.
