Recession started last December? National Bureau of Economic Research determined that a peak in economic activity occurred in the U.S. economy in December 2007 -Update- The Business Cycle Dating Committee of the National Bureau of Economic Research met by conference call on Friday, November 28. The committee maintains a chronology of the beginning and ending dates (months and quarters) of U.S. recessions. The committee determined that a peak in economic activity occurred in the U.S. economy in December 2007. The peak marks the end of the expansion that began in November 2001 and the beginning of a recession. The expansion lasted 73 months; the previous expansion of the 1990s lasted 120 months. A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, employment, real income, and other indicators. A recession begins when the economy reaches a peak of activity and ends when the economy reaches its trough. Between trough and peak, the economy is in an expansion. Because a recession is a broad contraction of the economy, not confined to one sector, the committee emphasizes economy-wide measures of economic activity... The committee identified December 2007 as the peak month, after determining that the subsequent decline in economic activity was large enough to qualify as a recession. Payroll employment, the number of filled jobs in the economy based on the Bureau of Labor Statistics' large survey of employers, reached a peak in December 2007 and has declined in every month since then. An alternative measure of employment, measured by the BLS's household survey, reached a peak in November 2007, declined early in 2008, expanded temporarily in April to a level below its November 2007 peak, and has declined in every month since April 2008.
ES buying at every single support level ... Yet, stocks are being dumped at any price. Something is not right.
they are holding it up to sell it,distribution, trend days ,today down, have buy or sell program on close,with direction of trend,if uvo/dvol comparison chart continues as it has so far, we will have large sell program on close,if you pile a lie on top of a lie on top of a lie,the shi eventually hits the fan
846.5 swing high we just got if that is the afternoon high point. Then coupled with the initial down leg at 20 points, target 826.5
pek, on trend days u have yime of day bounces and them resume the trend, can u refresh my memory,whats left of it
well, we will see if we break down around 2 pm. By the rule the new low has to be after 2 pm to have a decent 2nd leg down... We could also just consolidate between 840-850 for the rest of the day....