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The market is a forward looking indicator. The market started selling off almost 18 months ago. It was a rolling correction at first, meaning different sectors sold off while others did not. Everything sold off this year in the final swoosh.
Now the market is looking to a monetary easing cycle next year to combat Biden's recession. Rates will be lowered to increase economic activity. That makes stocks attractive again.
Please keep in mind that DOES NOT mean stocks will only go up the rest of this year. There will be surges and sell-offs, but the market sees stock being a good bet next year with lower rates.
I wish more people were aware of how markets work. More people would make money that way.
I don't like Biden genius, but thanks for putting words in my mouth. Newsflash - just because someone doesn't agree with you doesn't make them a Biden champ.
95% of posters on here here are drama queens who look for the doom and gloom in every scenario. Maybe learn what a recession is and then respond to the actual topic of the thread, not your typical but, but Biden waaaaa...
Would you mind letting us know what the new definition is?
It’s smoke and mirrors.
The feds and most states and municipalities suspended the gas taxes, which combined can be quite hefty.
So it appears to be a huge drop, but it’s really not. Lipsticked pig.
My pleasure. People often try to fight the bond market, me included at times, to their own peril.
The bond market is the single best indicator we have to the economy and to stocks.
The market called the rolling correction, the called the massive swoosh sell off, then called the recession.
The market is now calling for the Fed to ease monetary policy sometime next year to help a struggling economy.
Now one thing to keep in the back of your mind is "some" analysts are calling for a double dip recession. They feel this part of the recession will be short and shallow, only to be followed up by a much worse recession. I'm not currently in that camp, but I am keeping an eye on it.
When you (general you) are capable of keeping your own political biases out of it, it's much easier to just pay attention to the facts.
Actually, it's not official at all. We aren't in a recession yet,
You must be new here or very uninformed. 2 consecutive Quarters of negative GDP has been widely accepted as a recession for years by most of those that measure and map the economy. It doesn't get to be changed now because Quid Pro recession Joe wants it changed.
You must be new here or very uninformed. 2 consecutive Quarters of negative GDP has been widely accepted as a recession for years by most of those that measure and map the economy. It doesn't get to be changed now because Quid Pro recession Joe wants it changed.
Wrong. The 2 consecutive quarters is just an informal definition. The official arbiter of recession dates - the NBER - doesn't even use GDP to determine recession start and end dates. As I posted above, in 1947 we had 2 consecutive quarters of GDP contraction, and did not have an NBER recession.
And the unemployment rate has fallen from 4.0% to 3.6%.
Yeah, some "recession."
A recession is the GDP numbers, not unemployment.
Economics 101 for you.
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