There are two key problems facing the global economy right now that is generating a lot of uncertainty and fear in the market. One is the prospect of a impending recession in the US and second is the crisis in the eurozone.
Will there be a recession in the US? I am looking for signs of financial stress, slump in consumer spending, spike in unemployment and deacceleration in business activities. I do not yet find any signs of these as yet though signs of a slowdown to a grinding halt is pretty clear. A major jolt may bring things down to negative but is not a definite.