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03-11-2008, 03:03 PM
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#1 (permalink)
| | Walk On
Join Date: Jul 2006
Posts: 220
Credits: 118,692 | Recession over before it begins
Maybe not that drastic but the Dow is up 415 points today. GOOG is back up 24 points as well!
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03-11-2008, 03:06 PM
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#2 (permalink)
| | Addict
Join Date: Mar 2006
Posts: 5,631
Credits: 56,205 | Re: Recession over before it begins
Don't worry about it, it will be back down 300 again tomorrow.
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03-11-2008, 03:09 PM
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#3 (permalink)
| | Pro
Join Date: Oct 2006 Location: Arlington, TX
Posts: 3,229
Credits: 482,038 Year: 1994 NFL: Vikings NBA: Lakers MLB: Dodgers | Re: Recession over before it begins
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!!!  |
"Don't worry Boss...they can't do nothin' 'til they're through sparklin'..."
Avatar - America's new superhero...Cenex Guy | |
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03-11-2008, 03:14 PM
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#4 (permalink)
| | Pro
Join Date: Mar 2006 Location: Clive, IA
Posts: 2,797
Credits: 548,264 | Re: Recession over before it begins
The stock market's performance is a poor indicator of recession.
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ISU Grad 1997.
ISU Fan for Life.
Not in CO anymore but I'm not changing my name :)
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03-11-2008, 03:25 PM
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#5 (permalink)
| | Pro
Join Date: Apr 2006 Location: Waukee
Posts: 2,597
Credits: 464,186 Year: 1991 Degree: Ag Business/Marketing NFL: Vikings | Re: Recession over before it begins
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.....  |
Colorado coach Gary Barnett "I thought we had a pretty good mascot, but when we showed up at Iowa State, they had a real tornado. That's the real deal." November 12, 2005 | |
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03-11-2008, 03:33 PM
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#6 (permalink)
| | Rookie
Join Date: Apr 2006
Posts: 485
Credits: 304,685 | Re: Recession over before it begins
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
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jmb
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03-11-2008, 03:38 PM
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#7 (permalink)
| | Recruit
Join Date: Apr 2006
Posts: 112
Credits: 525 | Re: Recession over before it begins
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: | | | |
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03-11-2008, 03:39 PM
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#8 (permalink)
| | Rookie
Join Date: Apr 2006 Location: Clive
Posts: 511
Credits: 3 NFL: Packers NBA: Heat | Re: Recession over before it begins
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
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03-11-2008, 03:39 PM
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#9 (permalink)
| | Bench Warmer
Join Date: Jun 2007 Location: Glenwood / Ames
Posts: 270
Credits: 200,664 NFL: Bills NBA: Nets MLB: Blue Jays | Re: Recession over before it begins
Originally Posted by bigredqb7 im pretty sure bferin is clueless when it comes to the stock market and most other things for that matter.
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03-11-2008, 03:46 PM
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#10 (permalink)
| | Speechless
Join Date: Jun 2006 Location: Ankeny
Posts: 15,106
Credits: 3,505,533 Year: 1997 Degree: BS Com Sci NFL: Dolphins MLB: Cubs | Re: Recession over before it begins
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.
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03-11-2008, 03:49 PM
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#11 (permalink)
| | Pro
Join Date: Oct 2006 Location: Arlington, TX
Posts: 3,229
Credits: 482,038 Year: 1994 NFL: Vikings NBA: Lakers MLB: Dodgers | Re: Recession over before it begins
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.
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"Don't worry Boss...they can't do nothin' 'til they're through sparklin'..."
Avatar - America's new superhero...Cenex Guy | |
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03-11-2008, 04:11 PM
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#12 (permalink)
| | Walk On
Join Date: Mar 2006
Posts: 188
Credits: 119,155 | Re: Recession over before it begins
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.
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03-11-2008, 04:13 PM
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#13 (permalink)
| | kreepy
Join Date: Jun 2006
Posts: 7,471
Credits: 2,101,596 Year: DNG NFL: Cowboys NBA: Suns MLB: Royals | Re: Recession over before it begins
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.
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The Jack Trice Story ESPN & Wiki "My thoughts just before the first real college game of my life: The honor of my race, family and self are at stake," Trice wrote. "Everyone is expecting me to do big things. I will!" "I really don't even remember exactly what happened," Klink after losing 15-13 at JackTriceStadium "a great enviroment for college football. Just like going into OSU or UM."Greenway after losing 23-3 a JackTriceStadium | |
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03-11-2008, 04:15 PM
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#14 (permalink)
| | Pro
Join Date: Nov 2006
Posts: 2,212
Credits: 3,234,285 | Re: Recession over before it begins
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.
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03-11-2008, 04:17 PM
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#15 (permalink)
| | Starter
Join Date: Aug 2006 Location: Ankeny
Posts: 889
Credits: 312,329 Year: 2000 NFL: Bears MLB: Cubs | Re: Recession over before it begins
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  | | | |
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