Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,763,471 times
Reputation: 3587
Quote:
Originally Posted by Blue Grass Fever
Interesting!
Here is the link - JPMorgan Chase CEO: Recession Just Beginning (broken link)
Well most of what I am hearing from the experts disagrees. The worst of this is over and we are in recovery now. Look at the stock market as the best indicator- it is going up now because investors see better times ahead.
I always heard "watch the Dow Jones index." What it does today is an indicator of six months down the road. Wasn't Chase just bailed out, BTW?
No, JPMorgan-Chase just bailed out Bear Stearns. However, I agree with your basic premise that the statement may be linked to this action, and to drive down short term profit expectations from this merger by the market.
Location: Sitting on a bar stool. Guinness in hand.
4,428 posts, read 6,509,244 times
Reputation: 1721
nar
Look a year ago people were not expecting a major slowdown in the economy. Then back in August when the cracks in the finical market took place people on the street said that there wasn't going to be large financial crisis due to the short term credit freeze. six months ago experts said the slowdown in the housing market was contained and would spread to other parts of the economy. And three or four months ago people believed that a recession was not possible. And some people are saying that we maybe in a recession but it not going to be all that deep.
Ya know what guys. Go ahead and buy what you need to to grow your portfolios. I give you much props for being brave enough to believe the "experts" and the street. Me. Well I'm going to sit back and wait awhile. I think the CEO is on point and so is Jim Rogers. They see a heavy recession coming and all the problems and opportunities that come with it. I going to do my best to bide my time. And when I think things have hit bottom.... Well to steal a phrase from the NAR it will be "a great time to buy!"
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
nar
