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We are seeing a nice really rally UPTICK on election day. DOW up almost 260 so far.
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On the other hand, crude oil is on its way up too. -
I'll take high fuel prices for a rising market. Sucks, but one follows the other."Those who can't remember the past are condemmed to repeat it".- George Santayana.Comment
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Supposedly, just election buzz. So, this is likely to be good for only a day, if that. Either that, or perhaps I'm just slightly bitter that I didn't buy in this morning.
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is this the end of the recession? or only temporary? Do you think its going to keep going up, hang out where it's at, or go down?Comment
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The trouble is, no one really knows. We all try to gauge it with our various economic weather indicators, but in the end, no one can predict the future.
We do know that recession is very possible because, to some extent, it's already here. However, the extent of its impact remains to be seen.Comment
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What type of things would we see with a recession? I believe we already have seen recession occurences happening. At least as far as no fully company paid health care, layoffs, dipping market, forclosures, ect...Originally posted by Broken Arrow View Post
Or are you saying you think the extent of the full recession will be much worse than what we have already?Last edited by amarowsky; 11-05-2008, 08:50 AM.Comment
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Erg, gonna make me dig it up again eh? Hang on.... Ok, I think this is it. Basically, four key (and notably, trailing) indicators are used to gauge the recessionary climate. And based on these key indicators, some are saying that we are at least in a recessionary climate that, if it continues for two full quarters, would qualify for official recession status.
On a separate note, the Dow has fallen so far, supposedly from profit-selling on yesterday's feel-good election sentiments. Guess maybe I wasn't entirely wrong after all, but what a shame I didn't buy in....Last edited by Broken Arrow; 11-05-2008, 10:34 AM.Comment
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We're back in the doghouse again. Down to 8730 currently.Comment
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