Recession is "BASICALLY OVER" Can you explain why its "BASICALLY OVER"? Just because the markets are up over 35% does not mean a recession is over. Name at least 5 reasons why the recession is over and ill give you 5+ reasons why we still have a long way to go before the economy sees somewhat of a bottom.
Can't you feel it? Wall Street is starting to suck in all that thick, dumb, slow money. mmmmmmm, tasty! It took them a lot of money out of their own pocket, but they can sell now and recoup a good deal of their losses, and stick it to Joe 401(k). Tasty!
1) The rally is up a little more than 35%. 2) Compare this rally to all the bear market rallies of 2000-2002 and the current bear market (since Oct. 07 peak). Look at both price and time (hint: October and March are usually the pivotal months). The closest thing to this rally is another one that started in mid-March...of 2003. It wasn't a bear market rally. I realize this takes more effort than spewing third-rate, pseudo-economic drivel about "how it's different this time," but price and time tell the real story.
The recession is over. Consumer sentiment is way up, consumers back out in the stores, jobs picture improving, improving financials, and just an overall better picture then there was a few months back. We only have up to go from here. It didnt seem that way in 2003 and it didnt seem that way in 2009. Its time to get back into the momo stocks that proved lucrative back in 2003 which are commodity, foreign and technology. China and the emerging markets have nowhere to go but up.
You can try to sound like stock turder, but it's you port. And if you're intent on posting on this thread, don't pretend you know me or have met me. I have never met you, and I certainly don't know you.
Are you saying that it's a new bull market because the S&P rallied 35%? I'm asking b/c you posted on this thread.