get used to it. when you enter a room with almost 100.000 people in it, it is a quite usual reaction if your attitude is to "clear things" for them. has nothing to do with flaming. is just a normal reaction to arrogance.
Thank you for a civil discourse which is almost impossible with people here. Let me answer this best as I can. 1/ We have to have standard definition of recession in the US so people cannot declare their own recessions. Bureau of Economics defines recession as 2 consecutive quarters of negative economic growth. GDP is the sum total output of all goods and services and has no references to individuals and that was not the purpose of it to be that way. The sum whole sum total of goods and services have to contract to negative numbers 6 months in row to even have a recession. This definition is laid out for a certain reason and has been around for last 40 years, so its not going to change anytime soon. 2/Sentiment is everything. The US consumer is a highly skeptical beast and a whimpering mouse. When the Lions roars he runs into his hole and whimpers endlessly. This US consumer is nobody but you and me. With all this negative sentiment and low confidence levels a recession is quite possible because they bring it upon themselves. 3/Look how badly they damaged our market's charts when we did not have a recession in sight! Yet they have to go back to these charts and drive an income again !
These people are vicious animals. They have no class, they will try to intimidate you and discourage you from posting. Never given in to such tactics, but turn them around, and put the monkey of their backs and pull their chains till they die on the pavement. These people will stop at nothing. They have taken good looking stock charts and mauled them in their utter hopelessness and delusions about an inevitable recession. They have shorted rallies and ran to the hills with nickles and dimes every Friday. They will stop at nothing but damaging American financial markets. That's is why Feds have a PRESIDENTS WORKING GROUP FOR FINANCIAL MARKETS- a sort of commando operation standing guard against such trouble makers and hooligans.
I noticed that. I hope this board will be more civilized as this is a good thread for those who want to invest. Thanks also for the civilized reply.
are you kidding me??? show me 3 months of anything that is not contracrting.....your 1000's of crap postings DO NOT COUNT
3 straight months of NFP declines... that's a recession... The antiquated way of reporting a recession, the way your 1970 text books told you, is no longer valid...
Pohpohmyminitrading the time honored accepted definition is two negative GDP quarters. There hasn't been any. If anythign this is a slowdown, but not a recession.
stockturdhedgefundday7793 who cares about time honored accepted definition, especially when GDP is adjusted for inflation numbers which are simply based on hedonic adjustments? The GDP numbers are false because the CPI understates inflation... So we need to look at something more concrete...like employment... There was no recession in late 2000 according to the NESB's definitions, but wouldn't you have been prudent to have seen it coming?