Quote:
Originally Posted by Snake Doctor
No, it's not a recession, and it doesn't look like there's going to be a recession.
The guys on cnbc have to say something, so they always bring on bulls and bears to discuss things. It doesn't mean anything....this is actually a GREAT time to buy equities, with the market being as low as it is (1391 last I checked for the S&P)
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To buy equities in the face of worst housing recession since 1930, 100 Usd oil, high inflation and possible implosion of few financial companies is really stupid. Only recession proof stocks and few other exceptions from S&P could be good ones.
Where is the common sense?
Any bounce will be only because of rate cut pump rally, exactly as it happened in December and will be given back.
I will bump this thread in few months only to show stupidity of your call