A normal recession couldn't have done the damage we had done to our stock market and stock charts. Hopelessness and anger destroyed whatever was left as America's wealth. Its like going out on the streets and setting buildings on fire in a riot. Self destruction?
http://www.forbes.com/markets/feeds/afx/2008/04/08/afx4868444.html WASHINGTON (Thomson Financial) - Former Federal Reserve Board Chairman Alan Greenspan there is no longer any doubt the US economy is in recession though he does not know how long it will last or how deep it will go and he said he has 'no regrets' about his role at the helm of the central bank in the boom times. 'We are in the throes of a recession,' he said in an interview with CNBC television. throe (plural throes) 1. severe spasm of pain " We are in the throes of a recession" - the dude who created it must know better than hft2
You need to get it through your head right now that the good U-S of A is no longer the great nation it once was. Corruption and greed at the highest levels made sure of that. Have fun buying your Ipods, Starbucks and Nike shoes while the great masses just hope to be able to afford food and shelter in the coming years.
3 straight months of negative job numbers.. we are in a recession.. period... end of story.. now, let the spoo rally resume...
You are deluded. End of story. Show me a single negative quarter of economic growth since 2002, let alone call this a recession which by definition requires 2 negative consecutive quarters. There is no proof of anything but a slowdown and your continued state of doom and gloom and rabid pessimism. Like the devil------You are still here after damaging all our charts of SPX, RUT, INDU, NDX, IWM to a point where it will take a year to recoup those losses. Wish you had killed your golden goose and hung yourself to the ceiling with a nylon rope in a $20 motel room!
You have no idea what life is about on this planet. You have not faced any real hardships. A minor slow down in economic set can throw your vertebrae out of kilter... and you go out on selling binges tearing down our wealth and monetary systems backbones! Short selling and looting small investors like there is no tomorrow. Yes I have seen those vicious vicious sell off for days and days on companies like AAPL, GOOG, BIDU, RIMM, CROX, DRYS, CF, POT, MOS etc etc. Those red screen days, I still have copies of the print screen and will post here one day.. Like pure evil, you still survive, and keep coming back, your government spoon feeds you like a baby.
This imaginary recession and fake credit crunch is so painful. For the love of god make it stop.Visa stock keeps going up. This is so painful.
hft2, how could you question greenspan? you must be using the wrong definition of recession. given his background, his definition must be the correct one. like a famous russian saying goes: "if you keep pissing on the wrong tree, you will miss the forest"
In some ways, it does. During a recession, there will be less newbie traders entering the game with a lot of money to lose, hence less candy for you to steal. Losing (i.e., loosing, in ET speak) traders will probably bail out before they blow up their entire load. Instead, you'd spend more time fighting with seasoned pros for whatever slim pickings remain. Overall trading volume will probably decrease in response to decreased economic activity, resulting in a price action that appears more random and less trendy.
You are deluded...Beginning of story... Show me 3 consecutive months of job growth and we can call this a 'slowdown'...show me 3 consecutive months of job LOSSES, and it's a recession.... THAT is the definition of a recession, not 2 consecutive quarters of fudged data.... I have been long for 35 spoo points.. a small position, because this is a bear market... and will hold for more... but I understand economic reality... You, on the other hand, are NOT a hedgefund trader, you don't do iron condors, and are losing your ass...