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They try to tell people to get into dropping markets, because they might be bottoming out.  Why?  What's the hurry?  Even if they bottom out, does anyone expect these bombed out US markets (Miami, Vegas, Phoenix etc) to come right back up like a yo-yo or something?  I doubt it....

Ignore the feel good spin, concentrate on the facts off the top of the show.  Including some obligatory and off-putting rumours of war...

This is from the end of April, just saw it. Roubini said this will be one of the most severe recessions in decades. What do you think?

Subprime is only one part of the problem leading to recession , but it is just beginning, and it is a social problem as well as an economic problem.  The credit system is at the heart of the economy, which is going to cause the entire economy to slow down.

Not only that, but banks have holes in their balance sheets, and don't know how secure they are. 

Interestingly, he points out the best bang for the buck for a stimulus package would simply be to increase employment insurance.

The other major damage is going to be to local and state tax rolls as property values fall. 

The idea of encouraging more spending versus more savings is probably the wrong approach. 

The US gets itself in a giant foreclosure crisis, then we have Clinton (and now Bush) urging adjustable interest rates should be frozen.  Meanwhile, CNBC which may have its own agenda, or maybe just a director who doesn't know what he is doing at that moment, cuts to several views of a guy pulling faces during Clinton's speech.

This is earnest, insincere or kind of funny.  But I digress...