Friend Mr. Brian Wade forwards an article fromt the Wall Street Journal discussing why the market has dropped 25% in the last two months here. The article asks the question below and answers it:
"So what has happened in the last two months? The economy has received no great new outside shock. Exchange rates and other prices have been stable, and there are no security crises of note. The reality of a sharp recession has been known and built into stock prices since last year's fourth quarter."