If it looks like a duck, walks like a duck, and quacks like a duck, well my friends, it's a duck. I think the same can be said about a recession. Even though our friends down at the National Bureau of Economic Research aren't saying it yet, I'll go ahead and go on record ...I think we're already in a recession. (Insert gasp here.)

Before you start cursing at me or stick your head in the oven, let me also say that this isn't inherently a reason to sell stocks. Well, it might be a reason to sell some stocks, but I think it could be a reason to buy other stocks. More on that in a second.