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Northrop Grumman Corporation Message Board

  • McMEM McMEM Jan 25, 2008 2:38 AM Flag

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    Some economists define recession as 20% pullback of Dow. If Dow drops another 4%, Bush-It will be the 1st POTUS leading USA into 2 recessions.

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    • 1. Very good, but please co not stop there. Tell us why NOC is a good stock. Is it going to win some big contracts (revenue increaee)? Is it going to have some major breakthru? Has it found some areas to cut costs (reduce expense)? Stop writing Farnsworth (This word describes you so good) and check your finance.

      2. I have informed you that the word "recession" was used by Goldman Sachs and other famed economists, and you insisted that you knew more about economy than them combined. Yet you provided no substantiation. How do you expect me to help you?

      3. The GS report came out early this month (Jan), and NOC yo-yo within 3%. Had you listened to GS, your return would have been 10X higher.

      3. Should you do not trust GS, surely you know that the economy is in XXXX (pick your own profanity). Had you put your $ in gold, your return would have been much higher.

      4. Another good investment is energy until the end of Bush-It era. Cheneyhead is going to loot whatever he can for the rest of his term.

      5. I even posted my prediction that the interest would drop another 0.25 to 0.5%, and am right on the $. Yet you chose to attack me instead of making some $. Just think about how much more you would make had you buy gold or bond.

      6. Do yourself and your family a favor, and talk to GS. I have very good experience with them. MSDW also provides excellent service. You are at an age that you cannot think clearly and yet cannot afford mistake.

    • Boy...you really are out of it when it comes to economics...you have to stop reading Marx

      A "recession" is not definned by the stock market. It is definned as two succesive quarters of negative GDP growth.

      The 20% stock market decline is usually used as the criteria to declare "bear" market.

      • 3 Replies to sqzr
      • 1. The different between bear and recession is not black and white, and regardless many Americans become nothing-leftists. Rose in any other name.

        2. The term "recession" was used by economists at Goldman Sachs. The R word was also used in Lynch report, Soros and Sullivans. sqzr probably is more knowledgeable than these economists combined.

        3. Another poster stated that Bush-It should not be responsible for the 1st recession. I agree since it was caused by 911. While it happened during his watch, and he did not do much watching, the cause is mainly due to the open society we had.

        4. Another poster stated that the 2nd recession was caused by subprime loans and implied that Bush-It should not be responsible. He failed to address the causes of subprime loans.

        5. GS report squarely blamed the cause of "recession" is due to oil price. CEO of Target, Best Buy etc also blamed energy cost on their poor sale.

      • "...you have to stop reading Marx..."

        Groucho, Chico, Harpo, Zeppo...the magnificent foursome surely are easier to watch than read. Get yourself to a Netflix site. These guys no more 'bout the way it oughta be than any economics coming outa the DC group of clowns/clones.

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