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CNBC--What happened to all the optimism?

Less than a week ago, many people, including the dolts at CNBC, were celebrating the beginning of the jobless recovery. The Federal Reserve itself claimed the economy is “leveling out.”

Now some investors and market watchers say the stock market may have grossly overestimated the prospects for an economic rebound — and share prices could be due for a bigger pullback after a 50 percent surge since March.



BLOOMBERG--The U.S. recession is ending “right now,” said Abby Joseph Cohen, a senior investment strategist at Goldman Sachs Group Inc.