No one say a normal cyclical recession wiped out trillions in debt. The derivatives game did. Credit defautl swap, huge bets gone bad
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Where is the recession? Show me ?
- Thread starter HedgefundTrader2
- Start date
No one say a normal cyclical recession wiped out trillions in debt. The derivatives game did. Credit defautl swap, huge bets gone bad
Quote from HedgefundTrader2:
Can you show us that we are in recession and back it up with facts and figures? Can you? Come on..
I simply asked you to show me the same, but instead of proving it you call me names. You have yet to see if I responded to your insults here. Cause I donot have to, becuse the corner I am in is very strong and powerful.
I don't have to prove or show anything pal, I'm not the one making statements. You are. I could care less about recessions, rallies, etc. I just follow the market. Most of us here do the same thing. And stop twisting the facts. I did not insult you but you did insult me, and those are the facts. Now, are you gonna answer those questions or you'd rather stay in your "strong and powerful" corner?
It all feels like we're in a recession, and plenty of indicators - anecdotal and statistical - indicate the economy is going through a recessionary period. These statistics won't be fully clear until the second half of '08 so there's no definite proof of recession at the moment. I'm willing to side with the respected economists and investors who are all saying the economy is turning down and won't reverse for a significant length of time, although a depression is something I'm not convinced of, so far. The global situation is too different from the 1920s to warrant a convincing comparison to me. If it (the 1920s in the US) compares to anything it's Japan in the 80s, not the developed economies today. Stock markets are not severely overvalued when looking at earnings, unemployment is low and large conflicts are absent at this time.
Quote from HedgefundTrader2:
All that negativity and lies from Goldman Sachs and Nouriel Roubini's fail and pale in the face of evidence and hard numbers.
Evidence and hard numbers:
Since you joined in July 2007, SP was trading at 1540..
now trading at 1325...
= a decline of 14%..
not to mention the decline of the US Dollar which should exacerbate your clearly demolished account..
How's that for evidence and hard numbers..
Go back into your hole, you government troll!
seriously? you're doing this again? such a tool.......Quote from HedgefundTrader2:
Show me ! Where is the recession?
Todays GDP report March 27, 2008 came in with our economy growing at the rate of 0.60 numbers. So what ? This economy has been red hot for years and a slowdown in winter months is normal. The weather was harsh, days were dark and holidays kicked in for 3 weeks, all kinds people avoiding work etc. So what? Things can get better and maybe next quarter you will have a better number you can chew and spit on.
Just to remind and keep you level headed and sane- It takes 2 quarters of negative growth to pull in the " R " word. But you have already jumped to conclusions without proof or evidence!
Its called extrapolating the data to suit ones emotional feelings and present it as if those were facts. I have had it with this doom and gloom club, their only occupation is a national sport and pastime called - pessimism and does nothing but creates damage.
Get off that... now! Look what you did to the stock market brought it to its knees with your " imaginary recession" and made a fool out of yourself before the world! People in other countries think, that Americans are weak and cowardly.
Things are not as bad as you made them and almost killed the financial market. A real recession wouldn't have done this much damage! Thats for sure.
just imagine you were hedgefundtrader2 and you were long from 6 months or so ago and the market has been going down steadily as your long positions have been drifting underwater. Then the FED takes a lot of liquidity pumping action and the markets hardly respond. Then Bear Stearns mess happens and the possibility of other banks facing similar pressures becomes a reality which can only be bad for all those long positions he has.
You'd be mad too and feel like you'd need to vent on ET and try and make people feel badly to compensate for the fact that you took the wrong side of the market and have been fighting it ever since.
You'd be mad too and feel like you'd need to vent on ET and try and make people feel badly to compensate for the fact that you took the wrong side of the market and have been fighting it ever since.
Quote from stock_trad3r:
LOL agree completely. Where are the negative quarters? Hmmmmm? Not one single negative quarter of GDP since 2002. The market was actually green in the morning.
The only recession is an imaginary one.
Also, the S&P 500 is still well above 1252. This imaginary bear market is also really painful, too.
Also thanks to this fake credit crunch and liquidity crisis I have no credit, nor do I have any liquidity (whatever that means).
When you set these people against the wall like I have done in my post and corner them and ask them they really can't answer anything. The start using personal attacks which IS nothing but manifestation of PERSONAL shortcomings and lack of intellectual prowess.
They created this FAKE MONSTER of a RECESSION out of imagination, and the institutional traders like Goldman Sachs and others on the bandwagon used it on these poor souls to scare them down into submissions and made a killing on their asses. The fact is if there was a recession the stock market couldn't have swayed down to its knees and dealt such heavy blows. Institutional traders made a mockery out of this and robbed these idiots clean.
There ARE still folks out there warped and deluded and bent out of shape walking around like depressed zoombies in a horrific Michael Jackson type video... Remember that one, Thriller ?
Quote from 9999:
I don't have to prove or show anything pal, I'm not the one making statements. You are. I could care less about recessions, rallies, etc. I just follow the market. Most of us here do the same thing. And stop twisting the facts. I did not insult you but you did insult me, and those are the facts. Now, are you gonna answer those questions or you'd rather stay in your "strong and powerful" corner?
My question to this worldwide audience on ET stands:
Show me a single quarter of negative GDP growth in the US economy since 2002.
I have repeatedly thrown that challenge into the ring. Just step up and answer me. I dare you wouldn't.