Paul Krugman Throws in Towel

Courtesy of Business Insider

Dow sank 220 points (2.2%) after 90 minutes on Tuesday morning. First we have Robert Prechter talking about the starting of Phase 2 bear cycle and the whole bear cycle would last until 2016. And now we have Paul Krugman was talking about another Depression for US. We also have George Soros talking about the disintegration of Euro and more problems in Europe. It appears that the bear believer is having the upper hand at the moment.