Quote from S2007S:
You 3 (day9933, stcktrder, landis82) are too funny, you think the economy is doing great and GDP is strong at 4%+ while jobs are plentiful and consumers are out there spending and buying everything they can, you also think that housing drop is just a dream and that there is no such thing as foreclosures or job losses, you probably also believe that the federal reserve stepping in everytime the dow is off 2% is healthy. You are enjoying all the liquidity injections and rate cuts and you probably are begging for 0% interest rates so that the federal reserve can pump the system back up to where it was just 2 years ago and create another credit crisis that was caused by the same steps the federal reserve took only 5 years ago to pump up the economy to extreme levels.
Wake up were in a recession along with a bear market, forget about the rate cuts, rate cuts are only going to hurt the economy going foward. You will see the negative outcome of this in the months to come.
I like listening to permabulls, makes my day a little bit better, keep up the great work, see you at 11500. I want to predict something below 11k, but even being that bearish catches me off guard sometimes...
