Hedgie... you are so full of crap...and everyone knows it.. everything you say is a reflection of yourself... from the hopelessness, to the self-destruction, to the lunacy of your posts... You must post here to feel good about yourself.. because if you could, you would show the forum that you actually are a trader and not just some blithering idiot, which you come off to be... You quote Market Scope, you take literal definitions of recessions and bear markets to the bank like an economics student.. You are not the big boy...you don't even trade...
Whole world saying US is in recession, it has affected many countries. Politicians may say "no" but people in finance say "yes". If you do earch for "recession" on ET, you get so many threads!! Wow!! More say "yes" than "no". They even say Bush is wrong, politicians, Fed are fooling public. Recession, inflation is there. At times, people say it is actually "Depression", or "Inflation" or "Hyper Inflation". So, what is the truth? Am giving those with poll (only from 2008): http://www.elitetrader.com/vb/showthread.php?s=&threadid=120974 http://www.elitetrader.com/vb/showthread.php?s=&threadid=122254 http://www.elitetrader.com/vb/showthread.php?s=&threadid=114839 I see that you, HedgefundTrader2 say "US not in recession" in many threads. Hope it is true.
That is a joke. Validate myself. I have given plenty of calls before the event. You have yet to give one.
Show me a single quarter of negative economic growth in the US since 2002 and I will accept half your thesis. Its takes 2 consecutive negative quarters to call it a recession. We have a well defined guideline, not some arbitrary rabbit pulled from the hat and US has lived by these defined guidelines for the last 40 years and we are not about to change the goal post. This coming Wednesday I hope we show a positive quarter GDP and put this to rest for good!
ahh hedgie nearly 100 posts in two weeks, you certainly do have a lot of time to beat your drum. The S&P's recent strength may make you feel better, but let me ask you this. Given the devaultion of the dollar is the S&P holding up through a bad ecomony for middle class america, because a quick recovery is actually possible, or because our dollar is worth so little that the typical 15-17x eps ratio on the S&P is no longer relevant especially since politcal enemies with huge soverign wealth funds aren't trying to be cheap when buying controlling interest in the S&P 500 everytime the American investor panics out or sells his winning position in a good company to cover a mortgage related loss? I asked before if being at 1550 on the s&P in 2007 meant the USA had fully recovered from the 2000-2002 market, or if given the freefall of the dollar over the last seven years it actually meant very little. You never answered. Last shot guy, no answer related to the secret needed. Actual thought other then hopes and dreams or you officially remain the biggest putz on ET.
I highly doubt this. Do you understand that you have ZERO substance backing your statements? Why do you have to run and hide? Don't be scared, you can come out of the closet(no pun intended). What state are you in?
Live in NYC, staying in Patterson/Carmel NY for now. I guess NYC is doing better then most because I thought things weren't that bad, until today. Don't really wear jewelry anymore, so went to pawn a gold necklace today. I get into the parking lot (small store) and there were several cars. Being a concerned with my image as I am, I'm like great all these people are going to be in there buying diamond earings, laughing at this guy pawing his chain lol. Well I get in there, there's 5 people in the store. ONE, is actually buying, then there's me and 2 ladies that were selling jewelry. And another lady that saw my necklace and was wondering how much I thought I would get for it! lolol. Guess she was getting ready to unload too. All at 1030am on a beautiful Saturday spring morning. Not a great sign. And it didn't seem as if they were selling these items because gold and commodity prices or so high, seemed more like they needed to sell. A really sad situation this so called, great country is in. I guess it is great in the sense of the beauty of the land and all it's resources. But dam, to get to where we are now? It's full of and run by, the stupidest dam people to ever walk the earth. And recession, no recession, WHO F'IN CARES ABOUT A WORD, You have people, several million people in bad financial situations. You now have people struggling to put food on the table, you have gas prices rising to obscene levels. We don't need gov't numbers to tell people how THEIR lives are or what they can or cannot afford.