Federal Reserve Vice-Chairman Donald Kohn Says Any Recovery Won't Be 'V Shaped'

Quote from ByLoSellHi:

We are going to have an equity correction for the record books, sooner rather than later.

- BLSH, October 14, 2009
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The bulls and and portfolio managers would disagree, many are calling for "V" shaped recovery's and strong gdp growth moving forward.

Here is an example of one who believes in this "V" shaped recovery.


Good news for those worried about the economy: "We are in the early stages of the recovery and it looks to be a lot stronger" than the consensus for modest 2%-3% GDP growth, says
Lakshman Achuthan, managing director of the Economic Cycle Research Institute (ECRI).

Furthermore, the recovery will be "V-shaped" and is now "virtually unstoppable" - at least through the first half of 2010 -- Achuthan says, citing a "positive contagion" in the economy right now, based on leading economic indicators. Most notably, the ECRI's index of Weekly Economic Indicators just hit a new record high.
 
All markets up 1-2%:

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INDEX VALUE CHANGE %CHANGE TIME HANG SENG INDEX 21,760.29 292.93 1.36% 00:35
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HS MAINLAND FREEFLOAT IX 6,770.04 100.38 1.51% 00:35
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SHENZHEN SE B SHARE INDX 528.47 4.80 0.92% 23:30
SHANGHAI SE COMPOSITE IX 3,001.16 64.97 2.21% 01:08
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SHANGHAI SE 180 A SHR IX 7,180.36 146.02 2.08% 01:08
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Taiwan
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KOREA KOSPI 50 INDEX 1,427.34 17.77 1.26% 00:48
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Australia
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New Zealand
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India
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BOMBAY STOCK EX 500 IDX 6,643.56 84.57 1.29% 01:07
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