Fear for recession

What is influencing the stock market? Maybe the risk of a recession is being reflected on the market transactions? Somehow the stock market is a kind of thermometer for the investors feeling and what is being perceived is a strong nervousness and uncertainty, all this due to the ignorance about details on the bailout approved by the U.S. congress, for example investors don´t know how and when is going to be implemented the whole package ($700billions)

What could we expect in this matter (economical recession)? When and how is it going to affect national economies? And last but never least, what is the effect of the recession on the Forex market?

Just what I read somewhere
"[IMG]file:///C:/DOCUME%7E1/Vindia/LOCALS%7E1/Temp/moz-screenshot.jpg[/IMG][IMG]file:///C:/DOCUME%7E1/Vindia/LOCALS%7E1/Temp/moz-screenshot-1.jpg[/IMG]Its emotion and sentiment not economic theory that drives markets. The stock market is the thermometer not the barometer of the economy, and should be used as such. Once you have settled on a strategy, try and hire the best money mangers around. Very few people are capable of beating the herd consistently. Success in the worlds financial markets is about humility not arrogance."