How more backwards and behind the curve do you want to be? Would you rather see 2 qtrs of negetive growth for the "official "R" word to be legit, or would you rather read price action and get in early in the trend and then when the big "R" is here, you'll be nicely in the money. Successful trading is about being AHEAD of the curve, not waiting for all the data to be in to make your play. By that time, you are the sucker selling to the smart money buyers.
You realize that since I have been a member here, all you have done is turn negative and play with doom and gloom . You do realize that, don't you?
In terms of economic information, I don't know enough information. But the market knows more than enough information, so I take heed from what the equities market is telling me. Recession and Expansion alternate in cycles, and we've been in an economic expansion for over the last five years... statistically it also very unlikely for it to continue. A recession is not a bad thing anyways... we're brainwashed to think it is. Recessions clean out the excesses and brings prices back down to earth. If you have money saved up, a recession is much less harmful to your real wealth than periods of aggressive inflation. In terms of any pundits who I listen to, Jim Rogers is probably the most meaningful. He has lived so much longer than me and his experiences alone allow him to view the world with a better sense of reality than most tunnel-visioned Wall-Street personalities. When he says recession, I listen.
Ha! I trade both sides pal, I'm not part of this imaginary doom and gloom crew that you have manifested into 90 different threads about the same thing. Day7793, you registered in July 2007, look at a daily chart of the SPY. Guys like you and your ultra BULLISHNESS always seem to come in at the highs and then whine all the way DOWN
What if the 3 bedroom is on Park Ave in NYC and the house on the hill is in Niue (county with lowest GDP)?
REBUTTAL to my post required. No personal attacks. ...Because it goes to show you are lots less intellectually than I am. I am still not responding to your attack, admire my self control please.
Can you explain what "lots less intellectually" means and, more importantly how this phrase actually makes one appear more intelligent.
I'm still waiting for you to answer my questions, mr. intellectual. And as I told you before, you're the one who started the insults game, remember? The only things "admirable" about you are your stubborness and your denial.