Recession over before it begins

**bferin** · 03-11-2008, 03:03 PM

Maybe not that drastic but the Dow is up 415 points today. GOOG is back up 24 points as well!

**BryceC** · 03-11-2008, 03:06 PM

Don't worry about it, it will be back down 300 again tomorrow.

**jbhtexas** · 03-11-2008, 03:09 PM

Originally Posted by BryceC

Don't worry about it, it will be back down 300 again tomorrow.

C'mon BryceC, I thought you were a cup half full guy!!!

**CyinCo** · 03-11-2008, 03:14 PM

The stock market's performance is a poor indicator of recession.

**Cyclonesrule91** · 03-11-2008, 03:25 PM

Originally Posted by CyinCo

The stock market's performance is a poor indicator of recession.

That's for sure......

The dow is up because the Fed announced that they were adding liquidity to banks by lending $200 billion for a 28 day term instead of normal overnight loans, called Term Securities Lending Facility.

Heard that on Fox news this morning. Not sure what exactly it means but that is supposed to be the reasoning behind the higher day.....

**jmb** · 03-11-2008, 03:33 PM

Originally Posted by bferin

Maybe not that drastic but the Dow is up 415 points today. GOOG is back up 24 points as well!

One good day in the market is not a clear indicator of a recession or lack thereof. Conversley, there are times in a very bullish market/economy that we see huge down days, that doesn't mean the economy is in a recession.

j

**rlegg928** · 03-11-2008, 03:38 PM

It's a short term move. In the medium term the Reserve is walking a fine line between a recession and inflation...oh the glory of stagflation!

Best said by Dean Glenn Hubbard: [ame=http://www.youtube.com/watch?v=3u2qRXb4xCU]YouTube - Every Breath You Take[/ame]

**bigredqb7** · 03-11-2008, 03:39 PM

Originally Posted by jmb

One good day in the market is not a clear indicator of a recession or lack thereof. Conversley, there are times in a very bullish market/economy that we see huge down days, that doesn't mean the economy is in a recession.

j

im pretty sure bferin is clueless when it comes to the stock market

**Gordyo5** · 03-11-2008, 03:39 PM

Originally Posted by bigredqb7

im pretty sure bferin is clueless when it comes to the stock market

and most other things for that matter.

**brianhos** · 03-11-2008, 03:46 PM

The media has been telling me every day we are in a recession. I have not seen it yet, but I am positive that we are truly in a recession, because ahhhhh, that is all I hear.

**jbhtexas** · 03-11-2008, 03:49 PM

Originally Posted by brianhos

The media has been telling me every day we are in a recession. I have not seen it yet, but I am positive that we are truly in a recession, because ahhhhh, that is all I hear.

CEPR - Private Sector Sheds Jobs for Third Consecutive Month

Various sectors of the economy are shedding jobs. Generally, that's not a sign of a growing economy.

**kberyldial** · 03-11-2008, 04:11 PM

Check out the jobs and homes market.
Oh yeah, oil prices... hmmm. Things are great. I wouldn't go spending all my pennies based on today.

**keepngoal** · 03-11-2008, 04:13 PM

I hate looking at my 401k, roth and other IRAs.... but when it is way up it is fun to peak.. but the last 6 weeks I am scared to type in the web address... let alone log in....even after today.

and yes I know it is for the long term .... but at times it is fun speculate and peak.

-keep.

**Knownothing** · 03-11-2008, 04:15 PM

I have donated $1,500 to my 401k this year and it's still at the same amount I started the year with. It's not real fun right now. I am sure it will spike pretty soon.

**Cy Heavy** · 03-11-2008, 04:17 PM

Originally Posted by keepngoal

I hate looking at my 401k, roth and other IRAs.... but when it is way up it is fun to peak.. but the last 6 weeks I am scared to type in the web address... let alone log in....even after today.

and yes I know it is for the long term .... but at times it is fun speculate and peak.

-keep.

I die a little more each morning when I check mine.
It won't be so bad working until I'm 75