Bankrupty, Comments noted and Jamie Dimon noted. There are 2 issues to a recession, one is depth and the other is duration, There are few commentators on both issues.
There is now a European ( poss global ) risk, I took money off the table today in other market. Keep your ears up. It is uncertain how the Europe position will play out.
What is in the ground will not disappear, world events are not helpful. Some patience will be rewarded with a medium term prospect; I am a medium term investor with layers between short term and long term. This is not a short term goldmine.