PPI confirms recession

Discussion in 'Economics' started by Joab, Jun 17, 2008.

  1. Joab


    Todays numbers were the nail in the coffin.

    Corporations will have a hard time meeting earnings numbers next 2 quarters.


  2. Wonder how long it will take either stock_trad3r or hedgefundtrader2 to post on this thread? They are like flies to shit on this kind of talk :)
  3. Joab


    He's the same guy and he's a member of Dan Zangers $78 a month web site, so that's to be expected.

    The funny thing is Dan himself is Bearish as well as IBD (market in correction)


    The truth be told, I would like to see a crash over a recession so we could get on with it.

    A slow grind down is the worst case scenario and unfortunately that's what I think we will end up with.
  4. TA confirms the market is headed down
  5. Ugly psychology, baby.

    May be time to long a few absolutely beaten down (bloody pulp) non-discretionary positions.

    Of course, even those may go lower if you get Mr. Margin calling over the short term.