Something BIG is about to happen ... Stockwise...

DriftingByTheStorm

MrSmith wrote:

wow, you predicted a recession. holy shit, you are some kind of prophet. No one saw that coming!

You know, just to illustrate how big of an ass your are being about this, the majority of economists still have their head in the sand and do not even acknowledge we are in a recession yet.

Further, at the time i posted this thread, up until yesterday even, there were pundits all over CNBC saying "we've already tested the lows, and this looks like a bottom" ... only Art Cassin (spelling? who is a L-O-N-G time floor trader who they have as an analyst) and maybe 1 or 2 other random guests here and there try to throw in that we need to "TEST the lows from January" ... and even that is a pretty weak statement regarding a big move to the downside.

FYI, we are below those lows right now, so?

:rolleyes:

binauralsounds

DriftingByTheStorm wrote:

Lol.
.

The bottom line for today is that the jobs numbers indicate SERIOUS slow down issues approaching the economy. A recession is UNDENIABLE at this point, and despite some of the pundits on CNBC, this is the start, not the middle or end of this cycle.

Well I'll be damned... I NEVER KNEW the recession was undeniable. I thought we've been a recession the last year. Hmm.. Glad ole DBS tuned me in..

So, my question is this... Since you behold all of the monetary brain power of the world, why can't you get the fucking fed reserve job and get this shit straight??????????

Get back to wiping yourself off!

Nevermind

binauralsounds wrote:

Well I'll be damned... I NEVER KNEW the recession was undeniable. I thought we've been a recession the last year. Hmm.. Glad ole DBS tuned me in..

So, my question is this... Since you behold all of the monetary brain power of the world, why can't you get the fucking fed reserve job and get this shit straight??????????

Get back to wiping yourself off!

Hostile little fucker....

DriftingByTheStorm

binauralsounds wrote:

Well I'll be damned... I NEVER KNEW the recession was undeniable. I thought we've been a recession the last year. Hmm.. Glad ole DBS tuned me in..

So, my question is this... Since you behold all of the monetary brain power of the world, why can't you get the fucking fed reserve job and get this shit straight??????????

Get back to wiping yourself off!

You know.
I'm gonna take another approach here.

I'm really glad to see that the people here on the pit (despite acting like assholes in the way they express it) are actually pretty honest in their views and well informed about the economy.

Unfortunately for America, the policy makers and talking heads are either geniuniely disconnected and ill advised, or they are deliberately "behind the 8 ball" intentionaly allowing the economy to slip as slowly in to the ground as they can.

In other words, I'm glad you have been aware we were in a recession for quite sometime, but contrary to what the braniacs around here think, it is NOT common knowledge on the street.

Until today, there was NO concensus (at least on CNBC) that this was true. Today is the FIRST day i heard Steve Liesman (a conservative and unemotional type) -- who reviews all of the Fed and Indicator releases -- say, "Until today i think there was a large debate about recession, but after these numbers i think it is now undeniable. You know i looked back at the numbers since we got this jobs report, and i have to say ... you know if you look back in history, which i just have, there is no period on record where there were two consecutive months of negative jobs growth EXCEPT for when we were in a recession. To me that pretty much sums it up."

So while it must feel real great to sit here and mock me, even though i was the one fucking telling you people last August that shit was going to REALLY hit the fan this year (and believe me i was taking shit for it then too) ... you should really just lay off and feel proud of yourself for being in the "upper class of economists" yourself, because if you've been calling for a recession for a year you could get a job at a big investment publishing house.

Actualy, thats not true. That is why most economists are wrong so often, because if they said the truth, their employers would fire them for publishing "fearmongering rubbish".

LikeAnOpeningBandForTheSun

DriftingByTheStorm wrote:

You know, just to illustrate how big of an ass your are being about this, the majority of economists still have their head in the sand and do not even acknowledge we are in a recession yet.

Further, at the time i posted this thread, up until yesterday even, there were pundits all over CNBC saying "we've already tested the lows, and this looks like a bottom" ... only Art Cassin (spelling? who is a L-O-N-G time floor trader who they have as an analyst) and maybe 1 or 2 other random guests here and there try to throw in that we need to "TEST the lows from January" ... and even that is a pretty weak statement regarding a big move to the downside.

FYI, we are below those lows right now, so?

:rolleyes:

well, we can agree then that those people are idiots.