You shoulda been a lawyer. Of course technically what you say is true, but no one would think of it that way. Anyway, my only dog in this scuffle is the contention that GDP hasn't gone down yet. In real terms, for at least one quarter, it has. In fact, it was happening in the very time period when this thread started last year, which is kinda ironic, or something. Also, what you're referring to isn't a technical definition of recession, but merely a working rule of thumb. The NBER uses a lot of criteria to come up with what a recession is, and has declared some when there haven't been two quarters in a row of declining GDP. Just an FYI.
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA..........HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHHAHAHAHAHAHAHAHAHAHAHAHA...........HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH! God bless that little booger, Stock_Turd3r. Without him, what joy would we find in this economic crisis! Keep boostin' the troops morale, Turd!
Baghdad Bob is stock_trad3r! http://www.youtube.com/watch?v=TrXhxmQJSS0 http://www.youtube.com/watch?v=qhDbqz7dG-U&feature=related
The "smarties" as you call them wanted the market to go higher in 1929... didn't quite work out, did it.