May I ask you : Why do you keep posting the same question in every thread ? If you work on your reservations not to respond, that will be great.
to the op: how is this fascinating discussion relevant in helping you to make money in the markets in realtime. to those who have attacked the op: why do you care what he thinks ? you are not listening to him, you only seek to vilify him. is this a good use of your time ? cybele
1/I started the thread with hopes to have a good stimulating discussion but to my dismay there is not a single poster worldwide who can show me that we are in recession! 2/There is however lots of speculation and wild guesses about the state of economy and undue fear, doom and gloom. Our ex Fed chairman is joining in this fray to scare Americans and sell books and lectures and horde money on the go. Alan Greenspan is a greedy bastard lining his own pockets, spreading undue and reckless fear culture. It does no good to many people, not at all and they behave rather irresponsibly out of fears. We have gone through this for the last 3 months with nothing drastic hitting us yet! He is simply a greedy bastard. 3/So when these people found themselves at a loss and at an eventual intellectual defeat, they started name calling and became profusely abusive- a common theme in those who lack intellectual muscle, its a compensation for ones short comings, YES?
Hedgefund, I disagree with almost everything you have an opinion on, but at least you're not an asshole most of the time even when your responses are less than intellectually "meaty" (although they sometimes are "meaty"). I give you credit for that.
Painful as its to see, Alan Greenspan is fueling fires and prodding weak Americans brains with his greedy long sch long money making stick! He is scaring peoples wits while he sells his books and lectures. Its easy to promote fear ---one has to have enough rational perspective to see through this attempt. There is wild speculation about a coming recession. I call it speculation because there is no solid empirical data but we are jumping to conclusions irrationally ahead of the factual unfolding of events. We have become fortune tellers and bean counters and idiots in this process. If a recession has to come , please let it and subside your fears and doom and gloom. America has seen many recessions and we are still here ,and living well, and have enough to stuff our bellies and do not have to compete with grazing bullocks for patches of green grass! PS: Institutional traders are always using recession as a tool to make you do the opposite what they want to do. You sell----they buy and back up the truck.
No one says that America won't still be here if we have a recession.. but here's the empirical data: 3 consecutive months of job losses...DING DING DING = Recession.. Did you wait until November 2001 to realize we were in recession then too? Did you unload your shares then? Did you buy back in when the blood was running?
IF we start jumping to conclusion irrationally than we are becoming fortune tellers and you know how good they are. Let the data prove itself one day that we are in a recession- Without confirmation its nothing but wild speculation on the downside with negative outlook and pessimist thinking. Until than go about a lifestyle without fear and anxieties and trade without shackles on your wrists. Market charts are already damaged, what else can you do now? Stuff to the downside like a lunatic? You know the Feds will step in like financial policeman and take you out to the loony bin. Here is another alternative: Hang your mortal existence to the ceiling in a $20 motel room.
all did i hurt your feelings? I am so sorry mr troll We won't technically know that we are in a recession until the end of this year. But that doesn't mean we aren't in one. All the data points to a recession. The job numbers are the most clear piece of substantial evidence. I haven't seen you contest those numbers in any sensible way. Do you think the FED created 3 new lending windows for fun? Do you think all the foreclosures currently occurring are make believe? Why don't you show me some empirical data that proves we aren't in a recession? I get the sense that you determine the current state of the economy by the dow jones numbers. I hope you have been including the 4 decades of inflation and leveraging into those calculations of yours. I also would again invite you to share your positions, because i am sure the many people on this board who you choose to antogonize would really like to know that your positions are actually long as you seem to preach.
Here TREASURY DEPARTMENTS PLUNGE protection team called Presidents working group, ready , standing by should you mess with markets and attempt to take it out. Read the whole thing. Bulls are backed by Feds and Treasury. Who is backing you? Just tell me? You and your ugly shorty friends? http://ustreas.gov/press/releases/reports/pwgpolicystatemktturmoil_03122008.pdf
Get real! You havent tried having a good discussion yet, whenever someone gives you a good arguement with facts (like job data, the feds aggressive actions, foreclosure situation) you tell them its all in their head and they are just being pessimistic. You arent embracing discussion you are trying to quell it, unless the discussion fits your viewpoint precisely. Thats not open discussion my friend.