Friday, December 18, 2009, 2:36AM ET - U.S. Markets open in 6 hours and 54 minutes.
While most are debating whether the "green shoots" are real or just weeds, Liz Ann Sonders is declaring the recession over.
Yes, Charles Schwab's chief investment strategist says the recession has ended, and believes second quarter GDP could be marginally positive.
Improvements in the components of the index of leading economic indicators, as well as new orders in the ISM data, and other technical indicators provide the basis for Sonders' call.
"We look backed in history when recessions have ended and it looks very similar to the environment we're in now," she says. "You have to go through ‘less bad' on your way from ‘less bad' to ‘good.'"
Two things worth noting as you pick your jaws up off the floor:
There's more detail on Sonders' contrarian view in the accompanying video, as well as her take on what it means for the market, which -- prior to the past two days, at least -- clearly has "priced in" a recovery in the sooner vs. later timeframe.
Where was she when the market was at 14k ?? She has been wrong more then right and just one of the many paid analysts selling wall street garbage. Double dip recession? how if the recession is over? Make up your mind. My prediction is more likely. The market has three options. Up down or sideways. Nice huh? Stop listening to these shills. None of them got this recesson right. None of them will be right now. Invest wisely. Buy profitable companies with little debt, investor friendly management, good free cash flow, multiple products etc. Sell when they say buy.
How the hell do you spell Halleuhaahaahaahaa ?
Economy needs feet, not the bailout stilts. GS heading towards $105.00 Where is the perpetual Bull?
Read what has been written and decide how this INFOMERCIAL is playing out ..... "Sonders said the recession started in late 2007 long before it was obvious to most observers, and well before the NBER's "official" declaration." ---------- Here is an "expert" admitting the "experts" missed calling the recession in the first place!!!!!!! Think about it.... they missed the call as to when it started and you are goin to believe these same people can predict it is over????? Look: pigs are flying .... Point #2: "Furthermore, there's a "reasonable risk" of a double-dip recession, she says. " This is called " I haven't got a clue what I am saying, but I want to CYA just in case I am wrong"..... This is another INFOMERCIAL for the helpless.... You look at the ISM and then you look at some of the other factors like: shipping, transportation, steel, fuel .... etc.... you decide.... If you call within the 30 minutes, you can get the Veg-O-Matic for 1/2 price and if you order 2, just 2 more, they will send you the GINZU knife set .... all you have to pay is $179.00 for shipping. Love to hear how others want to spin things.....
With all the ribbing Liz Ann takes just for being Liz Ann, she’s REALLY going to get dumped on after making this idiotic statement.
The recession is over Sonders says so. She so certain she's willing to bet all your money.
nice call Liz Ann. Maybe you investing pundits and the weather folks should get togethr and have a party!!!!!!!!!!!!!!!!!!!!
Sonders is an outstanding economists I can see. Better than anyone who appears daily on news. Recession is over, shorts expects another massive retesting of low will not happen. Because government poured so much money into the system. Obama administration is also doing a great job to fix the financial system and Wallstreet. If Wallstreet stealing can be stopped, it is hopeful!
Good LQQking car saleswoman! Every thing is fine, just give me your money, trust me! I think I lost a few IQ points watching this. The party is over, some one turn out the lights.
WOW, THIS IS REFRESHING.Lets go ahead and get those 6 million unemployed back to work so they can catch up their mortgage payments, and pay off their credit card debt. When I went to bed last night, it looked like the financial system was FUBAR. I've lost 70% of my retirement fund, lost most of the money invested in the stock market, my house has lost half of its value, have some health issues, but can"t afford to go to a doctor. but hooray!!!!! the recession is over! I can go to work wit a whole new outlook today. but wait, ---------I don't have a job. Liz Sonders is not an idiot, She is a cunning member of the Wall Street Hooligan club that spouts bullshit to manipulate the market. What changes have taken place to signify an end to this recession? All I see is more bad news. Double Dip??????? Youbetcha. You ain't seen nothin yet.
I have leaned on her expertise before and it's proven reliable, as when she said last autumn, "If you can't sleep at night with this economy, park your money in cash." I trust her expertise; I'm not telling anyone else to do so.
She obviously lives in another world. There are no jobs being created outside of the government. 60% of the population gets more money from the govt then they pay in taxes. Foreclosures are still picking up. If she wants to believe the rigged govt figures, that is here choice. She is a sell side analyst, her job is to get people to invest money with her brokerage firm. Remember this speech when the bottom drops out.
nice infomercial for Schwab. Also nice to see Aaron and Henry fawning over her legs.
So many scared shorts on this thread. Run and hide before the bulls smear the floor with you all.
LOL! Wow the propaganda never stops. What does one have to do to get some real news in this country? Think I'll put my money where Peter Schiff tells me. See "Peter Schiff was right" on you tube for real news.
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Antonio - Wednesday June 17, 2009 07:16AM EDT
Interview RON PAUL!!!!!!! :)