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Wall Street is seeing big losses in the early going after another batch of weak economic reports. A regional manufacturing survey out of the midwest showed a sharp contraction in activity for February. Consumer sentiment took a dive this month as well. The Reuters University of Michigan survey plunged to its lowest level since 1992. The data are the latest signs the U.S. economy may be teetering on the edge of a recession. A string of downbeat corporate news is only adding to that fear. Dell announced sales and profits that were below expectations. And insurance giant American International Group, or AIG, posted a $5.29 billion quarterly loss due to sour investments. That's the biggest loss in the company's 89-year history. There's a lot of action in the oil pits. Crude oil touched a new record above $103, but fell after hitting that peak. Turkey says it is pulling out of Northern Iraq. But there are still a number of other bullish factors. Traders point to the shutdown of an oil pipeline in Ecuador and a fire at a natural gas plant in England. And a weak dollar continues to support not only oil, but gold, silver and other commodities as well. Meanwhile, bond prices are moving swiftly higher on the back of the turmoil in the stock market. The yield on the 2-year note, which moves inverse to the price, touched a 4-year low. Conway Gittens, Reuters COMPANIES MENTIONED: SYMBOLS: