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Where is the recession? Show me ?
- Thread starter HedgefundTrader2
- Start date
Quote from amanda33:
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.
So lets base our reality on individual feelings and predictions? Fact and figures do not show it yet we go by how we " feel " ? I am sorry the empirical world outside your brains does not works that way. Delusions have no place in society but in mental asylums with burly nurses and white coats....
People on this forum have been comparing these last 3 months since great era 1929 depression. I bet you these comfy Ipod listening and Nike wearing douche bags in America have no idea what real hardship is about and how you eat from a dusty bowl and drink from filthy pond water..
Quote from Cocaine:
Hedgefundtrader2:
Why is it the markets have been going down since I registered at ET and I'm still bullish?
Gordon Gekko:
You're walking around blind without a cane, pal. A fool and his money are lucky enough to get together in the first place.
Not really. You have no idea what I do every day. There is always a market to short, and there is always a market to go long. You take both sides at the same time and whack! I am not born again pattern day trader and scalper like you, whose exit and entry makes a profit or loss and he goes home flat with enough change in the pocket to buy few Jim Beams and eat at Burger King.
Take a look at BIDU, AAPL,RIMM action. Pull up I min charts. Made money on those today even in a down market. BIDU was up 13 points in the AM.
Have strangles on both sides -- long and short. Have IRON CONDORS on RUT, NDX and other things both long and short.
I dont care where the market goes, I care where it doesn't.
Quote from HedgefundTrader2:
So lets base our reality on individual feelings and predictions? Fact and figures do not show it yet we go by how we " feel " ? I am sorry the empirical world outside your brains does not works that way. Delusions have no place in society but in mental asylums with burly nurses and white coats....
People on this forum have been comparing these last 3 months since great era 1929 depression. I bet you these comfy Ipod listening and Nike wearing douche bags in America have no idea what real hardship is about and how you eat from a dusty bowl and drink from filthy pond water..
Are you talking to me? Although you've quoted me I don't see anywhere in your diatribe you addressing any of the issues that I have. Now if you have something you wish to say to me please feel free to do so but, remember, this is a forum for adults. If you aren't one then move along, child.
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.
So the previous estimates of this number weren't revised downward by the bush administration and I am supposed to jump for joy and conclude that the loss of jobs, the foreclosure rate, and the fed's panic activity don't all signal recession?
Theres optimism and there's foolishness. I prefer not be a fool or a sheep. This report told us nothing that we didn't already know and hasn't already been accounted for, so why have you started yet another thread and stood on another soapbox?
Hedgefundie, its a FACT that the mkts have been steadily going down for some time now. Can you not see those FACTS? Are you blind to those FACTS?
You always talk about evidence, well....how about looking at a chart for your evidence? Price tells all. I'm sorry you've been long since July 2007. Must suck.
You always talk about evidence, well....how about looking at a chart for your evidence? Price tells all. I'm sorry you've been long since July 2007. Must suck.
Quote from amanda33:
Are you talking to me? Although you've quoted me I don't see anywhere in your diatribe you addressing any of the issues that I have. Now if you have something you wish to say to me please feel free to do so but, remember, this is a forum for adults. If you aren't one then move along, child.
Amanda,
Why dont you show me a single quarter of negative economic growth /GDP in the US economy since 2002 ? That will settle all the argument.
We cannot go by how you " feel" cause apparently you don't feel too good.
Quote from HedgefundTrader2:
Amanda,
Why dont you show me a single quarter of negative economic growth /GDP in the US economy since 2002 ? That will settle all the argument.
We cannot go by how you " feel" cause apparently you don't feel too good.
Your statement shows how much you know about economics, a recession indicator isn't just based upon whether GDP is -ve or +ve. Now run along, child.