WOW I always see you giving people a hard time that just throw insults at you but you are NO better. Whenever people give you an arguement that goes against what you believe you resort to insults just the same. You dont face life like a man, you ignore reality and argue for anything that will justify your bias. Be a man and see the world for what it is right now, not what your narrow bias believes.
Trying preach the choir? I am the one telling you how to face life an and life's adversities and you turn that on me ? I have been through it all and it does not matter to me at all. It didnot work. Try again.
take a look at your neighbor's lawn take a look at the mall in your town take a look at all those Harvard educated bums asking for a quarter on the street, when you came back in from lunch take a look at the local pub, kinda filled up, huh? take a look at the grocery store and how many more shoplifting moms are there with their kids take a look at how few smokers are in front of the building when you walked in to go to work where did they go? oh, but these are all figments of your imagination, or more precisely, since technically there's no recession, then why are they likening conditions to being worse than Depression Era times? hmmmm, guess they're imagining things too....
No, a real man faces what comes at him, they do not pretend everything is all roses like you do. Be a man for once in your life and use your eyes and brain and see that things are rocky at best right now, regardless if the market does rally from here. Where are the peoples going to get the money needed to be a "consumer" once again? Gas is s high and only climbing, food prices on the rise big time and peoples wages not increasing. Not to mention Wall street layoffs highest since 2001 and climbing. It is what it is right now, there is nothing you or I can do to stop it.
We are in a recession. Deal with it. I'm mostly long myself (because I'm not really a fan of shorting), but I also manage risk by keeping a few shorts and use time diversification. I don't live in a fantasy world. I will use the recession to my advantage. I will buy when the fear is the worst. I'll build positions intelligently and sell spikes. Instead of fighting reality, why not embrace it.
Thank you for your emotional musing, but economist do not measure recession that way. Subjective criteria " how you feel" does not counts. These are feelings and emotions. Show me a single negative quarter of economic growth in GDP since 2002 and than we'll have a starting point, until than its all negative sentiment, pessimism, and poor outlook in life.
btw Hedgefundtrader, don't take this the wrong way. But you sound like I did in 2001. I saw the first spike after the bear market started and started preaching to everybody about why all the bad news "didn't matter". I didn't understand economics, I didn't understand fundamentals, so frankly, I didn't have a clue what I was talking about. Once you go through an entire business cycle, (as I've fortunately now done), you become a much better trader/investor. I would suggest you read up on financials and get a better understanding of how things really work. It's a great defense against irrational thinking.
argghh...you see...this is exactly where you are demonstrating your ignorance. The "technical" definition of a recession is not what economists really use. You can be in a recession and have positive growth. Your "real" growth may be negative while your growth numbers show a positive growth. Basically, you're not outpacing inflation, thus you are actually contracting. Secondly, there is a maximum output potential. If as an economy, you don't match the maximum potential, you are contracting. Again, your GDP may actually be growing, but the growth doesn't match the potential. An increasing unemployment figure is testament to an economy that isn't growing at its potential. Therefore, logically, you are contracting.
Use Technical Analysis as a guide to trading decisions. The market is moving higher with or without an " imaginary recession". Once we have a negative GDP quarter we can be more factual and steady in our understandings, till than its all doom and gloom clubs innovations and stupidity. For the last 3 months nothing has happened yet the stock charts were damaged beyond recognition by these morons.
while there may not be a recession on wall street there might just be one on main street and every other street for that matter....