Where to hide in the bear-cession

By Paul R. La Monica, CNNMoney
2008-12-2 12:11:02

NEW YORK (CNNMoney.com) -- Welcome to the "bear-cession." Not all bear markets have been caused by or accompany recessions but 2008 is clearly a year marked by both turmoil in the stock markets and the broader economy.

Hence, the term "bear-cession," a phenomenon that Leon LaBrecque, managing partner and founder of LJPR, LLC, a Troy, Mich.-based investment firm with over $300 million in assets, wrote about for his firm's blog Monday.

Simply put. It's ugly. And Monday's huge sell-off was a perfect microcosm for the year.

The rout in stocks appeared to be led mostly by economic concerns: the latest monthly data about manufacturing activity and construction activity painted an increasingly bleak picture of the economy.

Investors were also skeptical that better-than-expected Black Friday holiday shopping sales would actually carry over into the rest of December.

Finally, the National Bureau of Economic Research finally confirmed what everyone not living under a rock already knew: the economy is in a recession.

	Investment Basic Investment Overview Investment Approache Fundamentals Data Investment Stories www.fxj108.com	Where to hide in the bear-cession By Paul R. La Monica, CNNMoney 2008-12-2 12:11:02 NEW YORK (CNNMoney.com) -- Welcome to the "bear-cession." Not all bear markets have been caused by or accompany recessions but 2008 is clearly a year marked by both turmoil in the stock markets and the broader economy. Hence, the term "bear-cession," a phenomenon that Leon LaBrecque, managing partner and founder of LJPR, LLC, a Troy, Mich.-based investment firm with over $300 million in assets, wrote about for his firm's blog Monday. Simply put. It's ugly. And Monday's huge sell-off was a perfect microcosm for the year. The rout in stocks appeared to be led mostly by economic concerns: the latest monthly data about manufacturing activity and construction activity painted an increasingly bleak picture of the economy. Investors were also skeptical that better-than-expected Black Friday holiday shopping sales would actually carry over into the rest of December. Finally, the National Bureau of Economic Research finally confirmed what everyone not living under a rock already knew: the economy is in a recession.