The mainstream media has officially embraced the universal pessimism emanating from Wall Street and that usually signals the end (of the selloff, not the world) is near.
Sources:
“World on the Edge”
Economist.com
October 4, 2008
“The End of Prosperity?”
TIME.com
October 13, 2008
“The Great Shakeout”
New York Magazine
September 29, 2008