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Holly · 01-22-2008, 07:43 AM

Slow down- yes. Recession- not yet.

I was listening to an analyst say that the magic number seems to be 26. Meaning that recessions have always been a natural part of the economy, every 6-8 years or so. But when you look at the numbers, the market generally falls at least 26% on average when we hit the r word. The Dow is about 15% off its high right now, so if we truly are getting ready for recession, then it's actually going to get worse. Unemployment is still historically low, also.

I don't think Bush's stimulus package will do squat, though. We'll still be bombarded with oil/gas prices, foreclosure horror stories, and interest rate speculation every time we turn the tv on.

01-22-2008, 07:43 AM
Holly Too lazy to set a custom title Join Date: Jun 2003 Location: Jesusland Posts: 10,017	Slow down- yes. Recession- not yet. I was listening to an analyst say that the magic number seems to be 26. Meaning that recessions have always been a natural part of the economy, every 6-8 years or so. But when you look at the numbers, the market generally falls at least 26% on average when we hit the r word. The Dow is about 15% off its high right now, so if we truly are getting ready for recession, then it's actually going to get worse. Unemployment is still historically low, also. I don't think Bush's stimulus package will do squat, though. We'll still be bombarded with oil/gas prices, foreclosure horror stories, and interest rate speculation every time we turn the tv on. __________________ War National Damn Champions Eagle