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Are the Markets in Bear Territory?

Thursday, 4 Aug 2011 | 3:26 PM ET

Bert Dohmen, Dohmen Capital Research Institute says the U.S. economy is already in a recession; CNBC's Tyler Mathisen,Sue Herera, and Bob Pisani weigh in on the fear factor in the markets, and Art Cashin, UBS, provides insight on Europe's role in today's selloff.