expand? wow! andrea: my favorite is dnc communications director brad woodhouse tweeting throughout is the best looking contraction we have ever seen. that is the best case of diarrhea we have ever seen. dana: worst recovery in history. bob: why the wall street journal who i assume you like a lot said most is attrit to believe sandy? dana: did you read that editorial snod bob: i did. greg: sandy duncan? eric: deja vu. andrea: what do you think the contraction was caused by? bob: sandy an caused by a disruption in the christmas season. that dana: wait. what about the yesterday [ overtalk ] can i make a point. can i make a point? i want to make one point? they said it was defense cuts. eric: of course it was. dana: but defense cuts, the defense spending went down in q-3, not q-4. the defense cut was the white house s idea in the first place. the administration. they said they want more of
expand? wow! andrea: my favorite is dnc communications director brad woodhouse tweeting throughout is the best looking contraction we have ever seen. that is the best case of diarrhea we have ever seen. dana: worst recovery in history. bob: why the wall street journal who i assume you like a lot said most is attrit to believe sandy? dana: did you read that editorial snod bob: i did. greg: sandy duncan? eric: deja vu. andrea: what do you think the contraction was caused by? bob: sandy an caused by a disruption in the christmas season. that dana: wait. what about the yesterday [ overtalk ] can i make a point. can i make a point? i want to make one point? they said it was defense cuts. eric: of course it was. dana: but defense cuts, the defense spending went down in q-3, not q-4. the defense cut was the white house s idea in the first place. the administration. they said they want more of the same.
as we look at what wall street is closing out q-4 to be, are they optimistic and everybody looks, ceos looking at 2013 manic right now in wall street because there are legitimate reasons for stocks to rise. i mean, some things are starting to go the right way. the housing market is recovering, for instance. economists are saying the second half of 2013 might look pretty good but we have to get over the one big problem first. you have a kind of a nightmare scenario or a pretty good scenario and that s why we have sort of seen the stock market vacillating in between and they know how investors know how serious the problem is. very hard to solve the problems and most part not expecting a big deal. they re expecting that it happens mostly in 2013 and they will expecting something, a sort of down payment at the end of this year and if we don t see even that, that s when you see perhaps a 3%, 5% decline in the stock market. lots of pessimism. i mean, the upside is some people say it s