Judging by the early numbers for "Black Friday" and the traffic my wife and I encountered on the Jersey Turnpike yesterday, Americans were feeling robust (or at least marginally better) this weekend, where spending and driving were concerned. Then we came to work today and learned (officially) that we've been in a recession for some time. My friend who is an economist says there's a bright side to this: If we've indeed been in a recession for a while, and it started before we knew it, therefore it may end sooner than we're expecting it to. On the other hand, the Dow fell so far and so quickly this afternoon...we had to go on the network with a special report at the 4pm closing bell.
I hope you had a good, safe and family-filled Thanksgiving weekend. I hope you can join us tonight.