I've been following the Sub Prime Mortgage Crisis closely all this year.  According to a story in the New York Times today, Thanksgiving, the picture continues to look gloomy for the US Economy and shows little, if any, chance of improving anytime soon (the next 18-24 months), meaning the worst is probably yet to come.  I don't mean to be a pessimist here, but in this instance, I'm a realist - and realism means looking at what is…. and what is …. is a real big mess, that's getting bigger.

IN Stocks Plummet on ‘Ugly Week’ for Investors from the New York Times:

“Sentiment just keeps getting more and more bleak,” said James W. Paulsen, chief investment strategist at Wells Capital Management. “This week it’s been all about fear overtaking greed.”

"..The Dow Jones industrials, off less than 100 points shortly before 3 p.m., finished down 211.10 points, to 12,799.04, a 1.6 percent decline. It was the lowest close since April 19. The index fell even below the low ebb of trading during the summer’s credit crisis, when it finished at 12,845.78 on Aug. 16."

"….“People don’t know where to put their money at this point, so they’re basically giving it to the government,” said Dennis Davitt, who oversees equity derivative trading for Credit Suisse. “You’ll pay the government to hold your money because it’s the only place people trust.”

"…Economic data released yesterday reinforced the sense of gloom. Consumer sentiment fell to its lowest level since October 2005, according to a survey by the University of Michigan and Reuters. An index that tracks economic indicators declined as well, the Conference Board said."

For a Web Analytics standpoint - the buzz about the credit crisis in the blogosphere has increased by 400% from June 07 alone (see below):

Just about all the news is bad, or bleak - based on some of the posts I read that were collected on this subject via BlogPluse.  I would probably need better tools to go much further in analyzing the buzz on "credit crisis" or determine the overreaching sentiment - right now I'd say it's pretty pessimistic, just based on reading a few posts.