Quote from moron28:
In some ways, it does. During a recession, there will be less newbie traders entering the game with a lot of money to lose, hence less candy for you to steal. Losing (i.e., loosing, in ET speak) traders will probably bail out before they blow up their entire load. Instead, you'd spend more time fighting with seasoned pros for whatever slim pickings remain. Overall trading volume will probably decrease in response to decreased economic activity, resulting in a price action that appears more random and less trendy.
But we have already done that and much worse. Look at the charts on SPX, SPY, RUT, IWM, GOOG, RIMM, BIDU, AAPL what do you see?
Someone destroyed them with so much vigor that an ordinary recession ( if we have one one day) would not have. Its call short selling, ramping the rallies, rush to exits, running to the hills and having no faith that we will have to come back to this carnage and start picking a living out of it.
Complete disregard of everything civil and decent!
