Recession Average: Yikes!
DriftingByTheStorm
Posts: 8,684
Wow.
I wish i had a graph to show you guys,
but CNBC was just talking to two guys about this "recession" and whether there was good news or a "silver lining" here.
Now i don't know how, but the one analyst managed to talk about how this was "looking good", and there was "good news" here ... all the while CNBC has this chart up on their screen showing the Dow Jones Industrial Average performance with percentage losses on the Y axis and honestly not really sure what on the X axis (some measure of time?) ...
anyhow. there were 4 lines on the chart.
1. Short recession.
2. Average of ALL recessions
3. Long recession
4. Current "recession"
The short one dipped a bit then took off (because its the average price of the Dow Jones, up is recovery)
The Average was a good dip staying under the Short, then taking off
The Long was about the same dip as the other two, but trailed significantly in its rebound.
The CURRENT graph is actualy BELOW ALL THREE!
Now i don't know what that says, empiricaly speaking, but is sure as hell is not the "good news" this monkey was on TV yapping about.
Anyhow.
Off to work.
I wish i had a graph to show you guys,
but CNBC was just talking to two guys about this "recession" and whether there was good news or a "silver lining" here.
Now i don't know how, but the one analyst managed to talk about how this was "looking good", and there was "good news" here ... all the while CNBC has this chart up on their screen showing the Dow Jones Industrial Average performance with percentage losses on the Y axis and honestly not really sure what on the X axis (some measure of time?) ...
anyhow. there were 4 lines on the chart.
1. Short recession.
2. Average of ALL recessions
3. Long recession
4. Current "recession"
The short one dipped a bit then took off (because its the average price of the Dow Jones, up is recovery)
The Average was a good dip staying under the Short, then taking off
The Long was about the same dip as the other two, but trailed significantly in its rebound.
The CURRENT graph is actualy BELOW ALL THREE!
Now i don't know what that says, empiricaly speaking, but is sure as hell is not the "good news" this monkey was on TV yapping about.
Anyhow.
Off to work.
If I was to smile and I held out my hand
If I opened it now would you not understand?
If I opened it now would you not understand?
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