Doom Mongers Are Working Overtime

If you want a good scare -- a nightmarish, dead-of-night, cold-sweat scare -- you don't need haunted houses or horror movies. Just open the financial pages. There's plenty of frightening stuff in there.

Although stocks are well off their early October lows and economic growth is rebounding nicely, consumer and investor sentiment remains 6 feet under. In fact, consumer confidence in October plunged to the lowest level seen since the recession. Only 11% of respondents to the survey said conditions were good; compare that to the 44% who said conditions were bad.

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