As the summer was turning into a fall, there was a really brief period when it was super-cool to believe in the V-shaped recovery.

There were all kinds of op-eds written about this bravely optimistic idea.

But something happened.

The data from October and November has not been particularly strong.

The V-shaped recovery is beginning to look more U-shaped or – gasp – W-shaped.

See the evidence for yourself >>

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See Also:

• Morgan Stanley: Here Comes A Brutal 2010