The last few weeks have seen quite a few negative news flow from US and Europe. The unemployment has started rising once again in US and the private sector is now showing signs of pruning down the workforce.
The European system is also likely to see a lower growth rate in the near term , while Japan is fast falling back into recession. Add to this the likely slowdown in the Chinese growth rate triggered by the massive governmental action on bank funding.
So expect double dip recession in the near future, say some experts, and that crowd may start growing if more negative news flow continues.