Art Laffer just siad - U.S. Economy on verge of economic catastrophe
just on FOX. wow. Labor participation rate near record lows at 63.6%. good job Obama. That sounds like collapse of the US and world economy it's imminent and going to happen. discussed the negative 0.1% versus estimates for 1.0% GDP in Q4. ECRI may be correct and the Recession has already begun.
We are probably already in a recession, have been for months. Just wait until the next GDP report, if that's negative, it's a recession. The problem is, the street is so heavily invested here, that they tend to ignore anything that's bad, it's all "one off", and we're "looking ahead 6 months."
Look for heavy churn here, with the dip buyers trying to buy at support of 1500 and 14,000. The smart money should be selling to the dip buyers.