kind of funny, thats those are probably all the same people who disagree with bushy-bu.
Anyway, back to the point. If people think that we are in recession, even if we are not, this will be a self-fulfilling prophecy. People will stop spending, and eventually we will be in a recession (if that hasn't already happened yet).
2 months back, i was thinking about shorting Starbucks and buying alcohol stocks. What would be ya'll choices?
Sounds like you are repeating what every financial news website is saying... "the markets have their pedal to the metal, and they ain't look at the rear-view mirror".
Idk how it worked during the tech bubble crash, but the charts show that this could be just a sucker's rally. We'll see in a few more weeks :-)
Think about this way: if most of people are right, does it mean most people will make money by shorting the market? We know the fact that most of people are losing money in stock market. Therefore, I take this news as a very bullish sign for the market. The more people think we are in recession that means it's more likely we are not. And vice versa, if most of people think we are still in bull market, we should better start selling. Don't be brainwashed by the media. I think the only reliable source of "news" in the stock market is the price movement. Only the price movement can't tell a lie. If the market is moving up in price, then come on people we are in a bull market. So simple.
Most everyone i talked to said that they are spending their stiumlus check/tax refund to pay off loans (cc, home).
mmm, the article makes it ez to see the trend A national CNN/Opinion Research Corp. poll released Tuesday found that 79% of respondents - nearly 4 out of 5 - believe the economy is now in a recession. That is up from 74% of Americans in March, 66% in February and 46% just a half-year back.
We might be topping out, but hey, 79% - thats A LOT of people saying we are in a recession. And with gasoline hitting ANOTHER high today, we will be seeing even more people saying that we are in a recession.