Stocks Fall Sharply on Consumer Spending Worries

If anyone needed the confirmation, it's official. The economy is in recession. And even if we knew it, even if the Bush administration and investors tried to avoid saying it, receiving official word of a year-long recession pushed the markets down more than 7 percent today, practically erasing all of last week's gains. "The R word is something that we haven't mentioned and don't want to mention. But finally it's come to light," said Jonathan Corpina, senior managing partner with Meridian... Full Story