I Heard the News Today oh, Boy

I heard a news broadcaster trumpet this morning, "2008 and the worst economic performance since the Great Depression is behind us."  You must be joking me.  Unemployment that hasn't even approached 10% and two quarters of negative GDP, -.17% Q4 of 2007 and -.5% Q3 2008, has produced the worst economy in 80 years!

A quick Google search yields:

Grasping Reality: Worst Economy since the Great Depression?

It's the worst economy since the great depression.

Worst Economy Since the Great Depression: GOPUSA.com

I have been advocating since Q4 2007 that a recession was looming and while there is a certainty of negative GDP numbers for Q4 2008 and similarly the likelihood for the Q1 2009 results is there really evidence to support calling this the worst economy in 80 years?

Just keep this in mind.  We won't need economic news nor the proclamation that the economy has bottomed before we're fully invested into US equities.  When the rosy news fills the airwaves we will have already filled the blotter with buys.