Some Serious Confusion on Stocks and the Economy from Steven Pearlstein

I usually find Steven Pearlstein's Washington Post columns interesting and well thought out, not so today. The problem begins with the headline (possibly not his), which tells us "the bear market may have already begin."

I'm not in the business of giving people advice about stock investing, but as a practical matter, I would feel much more comfortable buying into the market today, after it has given up roughly ten percent of its value, than I would have when it was near its peak. In effect t...