NO recession : But you cried rivers

shortie · Jun 1, 2008

Quote from HedgefundTrader2:

Being CASH 100% is a position. The best position there can be.
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so, the economy and the market are doing great and you are 100% in cash. were you 100% in cash when the market was crashing earlier this year? when will you make your move?

PohPoh · Jun 1, 2008

Haha..
no wonder IBD is a POS.
Dickheads like you read it.

Stocks may hit new records this fall, but it will be at the expense of a weaker dollar and much higher interest rates...

Quote from HedgefundTrader2:

Here is the latest about recession from INVESTORS BUSINESS DAILY. This is an excerpt posted to illustrate the state of economy. Read it twice and grind the facts and dispel your fears and anxieties. Focus on empirical evidence, not how you " feel".

Ronald Reagan once said, facts are stubborn things.

The fact is that real GDP, viewed on a year-over-year basis, increased 2.5% in this yearâs first quarter â the same as in last yearâs fourth. (Year-over-year comparisons, not quarter-to-quarter, are most telling.) Thanks to the weaker dollar, the U.S. factory sector â excluding automakers â isnât doing too badly either. Believe it or not, weâre in the middle of an export boom, with double-digit gains posted the last 16 months in a row. Last weekâs revision of first-quarter (month-to-month) GDP growth to 0.9% from 0.6% was due almost entirely to trade. And despite the slowdown in the overall economy, industrial output is still up 1.3% so far this year â not a sign of disaster. As for jobs, itâs true that, since the start of the year, some 220,000 nonfarm positions have been shed. But even that is moderating. In April, analysts expected nearly 80,000 jobs would be lost; the reality was a far-smaller 20,000. And year over year, the number of jobs is still rising. This is key, since weâve never had a recession in which jobs kept growing.
Yes, unemployment at 5% is up a little more than half a percentage point from its cyclical low. But itâs also below the 5.4% average for the last 20 years. In any other year, this would be called dangerously low. And though weak, aggregate hours worked, another key indicator, are also still on the rise.
Even some of the most troubled parts of the economy show signs of bottoming. New-home sales surprised everyone by rising last month (though theyâre still off sharply from a year ago). Core inflation remains a tame 2%.
And real disposable personal income â what you keep after taxes â is growing at a 1.6% rate. As for the stock market, it still looks like it bottomed two months ago.
In short, while a recession is still possible, it hasnât happened yet â and every day that passes makes it less likely, not more.

Donât get us wrong, the current gloom is not without reason. But itâs just that: gloom, not reality.

Fact is, weâre still in an expansion, albeit a weak one. And with last yearâs Fed rate cuts about to kick in and continued stimulus from President Bushâs tax rebate and cuts, we could see a surprisingly strong economy later this year.

Just donât say we didnât tell you.
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nonlinear5 · Jun 1, 2008

Quote from HedgefundTrader2:

Ronald Reagan once said, facts are stubborn things.
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That was John Adams. While quoting John Adams, Ronald Reagan actually slipped and said "facts are stupid things". Here is a full text of Reagan speech:

http://www.reagan.utexas.edu/archives/speeches/1988/081588b.htm

HedgefundTrader2 · Jun 1, 2008

Quote from nonlinear5:

That was John Adams. While quoting John Adams, Ronald Reagan actually slipped and said "facts are stupid things". Here is a full text of Reagan speech:

http://www.reagan.utexas.edu/archives/speeches/1988/081588b.htm
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We are not concerned who said what. Facts are facts and empirical data cannot be denied and if you make any assertions in the market back it up with numbers, technical analysis or facts and not your emotional streams.

HedgefundTrader2 · Jun 1, 2008

Quote from PohPoh:

Haha..
no wonder IBD is a POS.
Dickheads like you read it.

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Dickheads?

This is your intellectual response to this post? No wonder readership on ET can be so inferior as not to know how to answer a well defined post. You guys just amaze me, you are not even half as good as I am.

HedgefundTrader2 · Jun 1, 2008

Quote from shortie:

so, the economy and the market are doing great and you are 100% in cash. were you 100% in cash when the market was crashing earlier this year? when will you make your move?
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With you constantly crying rivers about a recession, bloating anxieties and always being depressed and gloomy, we have learned to adapt very quickly. Either we get out of the market and raise cash , or hedge ourselves 100%.

nonlinear5 · Jun 1, 2008

Quote from HedgefundTrader2 to PohPoh:

Dickheads? This is your intellectual response to this post?
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Well, it's a matter of a great intellectual debate whether PohPoh's "dickheads" is superior or inferior to your "burn in hell", "I hope you all die", and the proverbial "while candle up your ass". What is it that you are trying to accomplish here?

musclemoney · Jun 1, 2008

Quote from nonlinear5:

Well, it's a matter of a great intellectual debate whether PohPoh's "dickheads" is superior or inferior to your "burn in hell", "I hope you all die", and the proverbial "while candle up your ass". What is it that you are trying to accomplish here?
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LOL!!!!!!!!!!!!!!!!

He's a kid with a subscription to IBD.
(btw, I do think IBD has a decent on line stock "check up," but that's only the big caps. They suck in the mid and small caps.)

jonbig04 · Jun 1, 2008

If you think we're not in a recession you're fucking stupid.

PohPoh · Jun 1, 2008

Quote from jonbig04:

If you think we're not in a recession you're fucking stupid.
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HFpapertrader hasn't raised an iota of cash in his life.

HFpapertrader doesn't think we are in recession because the government hasn't told him so..

The inflation data is true, and hence the growth numbers are true, according to HFpapertrader.

He's not smart enough to realize that the government's agenda is inflationary, except they don't want you to know that.

HFpapertrader is fucking stupid...beyond belief..
his name is day7793 and you can see he's been losing his ass all along...