Quote from HedgefundTrader2:
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.