RASMUSSEN: 53% Say It’s Likely the U.S. Will Enter a Depression Similar to 1930’s.

Two ways of looking at this: (1) Contrarian — this means we’ve bottomed! (2) Self-fulfilling — if this many people think we’re headed for a depression, that alone is probably enough to push us into a depression!

Which is it? Beats me, but I tend toward the contrarian. And one of my readers called a bottom last week. And the market was up today! But was it a real rally, a “bear-market rally,” or just a dead-cat bounce? We’ll see.