Market surge 3% EOD? possible. Poll. This recession may be 12 months old but it is very shallow. The GDP only fell 3/10 in the last report. Unemployment is only 6.7% which is only .7% higher than the upper end of its historic trading range. Nothing fundamentally changed regarding the US economy between now and June 2007. Nothing at all. This recession issn't even as deep as the 1990 one. Bad news priced in.