I am not sure the rhetoric surrounding the economy and financial markets can get any more negative than they are at the moment. It seems as though every talking head is piling on about the negative reverberations impacting markets and the economy. Even Jack Welch told the World Business Forum, "I now believe we are in for one hell of a deep downturn" and also stating the first quarter of 2009 will likely be "brutal." (courtesy of Reuters). Historically the news gets the most negative at market bottoms.

As I noted in a post on The DIV-Net site titled, Should You Stick With Stocks, Warren Buffett has an investment saying:

"I will tell you how to become rich. … Be fearful when others are greedy. Be greedy when others are fearful."

So what do we hear Warren Buffett did last night/today: invested $5 billion in Goldman Sachs.

There are some positive economic data points in place at the moment. The Philadelphia Fed's Business Outlook Survey for September notes: