Depressions, Anxieties, Delusions, What iffing, Seasonal Adjustment Disorders and a general doom and gloom is still here but I see it receding to lower levels..and the markets moving higher from here. Its March and the sun is out , days are longer, people go out and step on the pavement and have an ice cream and it uplifts the mood swings... those deep darks thoughts melt away and a newer brighter outlooks sets in... At least that's what clinical psychiatrists will describe this set up in this month.. Mr. Doom & Gloom will be short lived looks like...after all the recession never came ? But we screwed 3 months of our lives beating our brains on a metal pole like a certifed idiot.
Frank Grimes, Only losers push their lucks betting against a Government, Feds and the Treasury Department of the United States of America. Under no conditions anyone can obliterate financial markets of this country... they have even gone on record to say that nicely. Only a fool will hope for a perpetual down turn. This is a election year, and recessions do not occur when candidates are hard up against the podium, soliciting voters and fondling babies. Get real.
Please explain why the fed cut rates so drastically recently and ALSO had an emergency rate cut recently? If things are so peachy in the US right now, why did the FED take this aggressive action?
Fed cut rates because the economy was slowing down. They are the guardians of the money flow in this country. IF things were not rosy, they were not as bad either. Doom and Gloom and negativity and our obsession with national pastime of pessimism has done more damage than a recession would have.
I have repeatedly challenged readers on this forum to prove me that we are in recession with empirical data facts and figures. No body has been able to repudiate me, nobody! All they do is bring forth their negative emotions, fears and doom and gloom. Than they go the markets sell the rallies and dash for the hills as if tomorrow will never dawn in America.... than they groove on Nouriel Roubini's pessimist tales from the crypt..straight out of the graveyard ...
How can you say its our pastime of doom and gloom when the avg joes pastime is spend spend spend!!! If doom and gloom was truly our pastime, people wouldnt be spending everything they have and then some (credit cards!). All that spending over the years by the US consumer shows anything BUT doom and gloom. I dont know why you keep saying doom and gloom, I think you just made it up.
Who are "they". The markets have moved down a lot over the course of many months because of the credit crisis and uncertainty that is the USA. This is fact, and BSC going down is proof that there is a problem. The FED has taken the action it had to do to keep the banking system from collapsing. Maybe we dont fit the definition of a recession but thats ONLY because the FED took super aggressive action. They did that because they HAD to. Times were very dire. Who knows if this will be enough. It might be, but it might not either. S&P downgrade of GS and LEH on friday doesnt bode well for Monday.
of course they don't. and niether realize that a recession only shows up in the data after we are in one. once the recession shows up in the data and the talking heads on CNBC tell stock_trad3r that we are in a recession since he and hedgefundwannabe2 can't think for themselves, both will be selling at the bottom
US consumer is a freaky idiot, Its a fragile toad, you need to carry it in a delicate box. When it gets scared it freezes in the tracks. Look what the consumers did to the real estate markets.. they stopped buying real estate. They led to a near collapse of the whole industry and Bear and Stearn's! Average Joe does not spends, spends and spends.. they stop spending that's when recessions attack them like demons. The average trader on ET is a certified doom and gloom er and he pulls his negativity into the markets and the markets sell off in horrific blazes that I have seen..