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Message
re: Dow futures down 500pts
Posted on 5/9/22 at 7:51 am to Jjdoc
Posted on 5/9/22 at 7:51 am to Jjdoc
quote:
WE ARE IN A RECESSION AND BEAR MARKET.
Actually we aren’t in a generally defined recession. Not sure if the exact number of quarters but we’d need to see several quarters of declining gdp and we haven’t seen that.
Bear markets are defined as 20% or more declines from highs. Nasdaq meets that standard
This post was edited on 5/9/22 at 10:54 am
3
Posted on 5/9/22 at 7:59 am to SlidellCajun
quote:
Not sure if the exact number of quarters but we’d need to see several quarters of declining gdp and we haven’t seen that.
2, I believe, and we are most likely in the middle of the second.
Posted on 5/9/22 at 9:29 am to SlidellCajun
quote:
Actually we aren’t in a generally defined recession. Not sure if the exact number of quarters but we’d need to see several quarters of declining gdp and we haven’t seen that.
Technically true, but the definition is backward looking, so we are likely living in the number that will print to official call it. That’s close enough for me.
But forget all that. We are going from record easing to record tightening and that is what will pop this asset bubble the fed created.
Posted on 5/9/22 at 1:35 pm to SlidellCajun
Q1 2022 GDP was -1.4%. If Q2 2022 end with negative GDP we are OFFICIALLY in a BIDEN recession. But hey no mean tweets like the other guy said ^
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