economic malaise

If you're wondering how corporations can be enjoying a sharp rebound in profits even as the U.S. economic recovery remains so weak, David Rosenberg of Gluskin Sheff has your answer: They won't be enjoying it for much longer.

At least 22 U.S. cities are at risk of slipping back into recession, Moody's Economy.com said in a report this week. "With chances of a national double-dip recession now estimated at about one in four, several metro areas will probably experience their own downturns in the first half of 2011,"...

The Dow Jones Industrial Average ($INDU) has reclaimed the psychologically important 10,000 level. So is this the first leg of a new bull market? Should we expect the Dow to continue rising, perhaps to its old high above 14,000? Or maybe there will be a sharp snapback that will send the market...