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Recession may already be here, David Tice warns

Posted on 8/22/19 at 9:22 am
Posted by OleWarSkuleAlum
Huntsville, AL
Member since Dec 2013
10293 posts
Posted on 8/22/19 at 9:22 am
quote:

“The big question: Is the U.S. in a recession or about to enter one?” the investor told CNBC’s “Trading Nation ” on Wednesday. “We’re either there or within two months away from that.”


quote:

“It’s certainly possible we can rally another six or nine months because we have [President Donald] Trump [who] does not want to see the market go down in front of the election,” he added. “It is dangerous to be short right now.”


LINK

We might already be in a recession, let that sink in for a minute...
Posted by GeneralLee
Member since Aug 2004
13103 posts
Posted on 8/22/19 at 9:23 am to
We might all be in some grand digital simulation for an alien race, let that sink in for a minute.
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1567 posts
Posted on 8/22/19 at 9:25 am to
I have some cash that I may need short term, would it be your opinion I should go all in on the Total Stock Market index based on this new information?
Posted by Thib-a-doe Tiger
Member since Nov 2012
35341 posts
Posted on 8/22/19 at 9:27 am to
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 8/22/19 at 9:28 am to
quote:

OleWarSkuleAlum



Posted by OleWarSkuleAlum
Huntsville, AL
Member since Dec 2013
10293 posts
Posted on 8/22/19 at 9:30 am to
quote:

I have some cash that I may need short term, would it be your opinion I should go all in on the Total Stock Market index based on this new information?


What’s your definition of short term?
Posted by Thib-a-doe Tiger
Member since Nov 2012
35341 posts
Posted on 8/22/19 at 9:31 am to
quote:

What’s your definition of short term?



The amount of time you’ve ever had a coherent thought
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72460 posts
Posted on 8/22/19 at 9:33 am to
quote:

I have some cash that I may need short term, would it be your opinion I should go all in on the Total Stock Market index based on this new information?




Posted by OceanMan
Member since Mar 2010
19968 posts
Posted on 8/22/19 at 9:55 am to
These guys know that a recession is a word with definite meaning and by that definition we are not currently experiencing one in the US?
Posted by LSURussian
Member since Feb 2005
126942 posts
Posted on 8/22/19 at 9:57 am to
David Tice is a nobody who is likely currently shorting the market.
Posted by Shepherd88
Member since Dec 2013
4579 posts
Posted on 8/22/19 at 10:01 am to
Came here to post this as well. Would love to hear the OP’s definition of “recession” and to show how we are in one.
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
48888 posts
Posted on 8/22/19 at 10:18 am to
quote:

“We’re either there or within two months away from that.”


So we are either in one now or two months away.

quote:

“It’s certainly possible we can rally another six or nine months because we have [President Donald] Trump [who] does not want to see the market go down in front of the election,”


Or we could possibly be fine for another 9 months.

Way to cover all your options there
Posted by tigeraddict
Baton Rouge
Member since Mar 2007
11792 posts
Posted on 8/22/19 at 10:36 am to
Federal Reserve forecast

the definition of a recession is negative GDP growth for two consecutive quarters. fed is forecasting near 2 point growth through 2021....

someone is wish-casting again.....
Posted by SonicAndBareKnuckles
Member since Jun 2018
1595 posts
Posted on 8/22/19 at 10:37 am to
The markets will go down, unless they go up.
Posted by MrJimBeam
Member since Apr 2009
12253 posts
Posted on 8/22/19 at 10:38 am to
Olewarskulealum is a national treasure on this board. Keeps me entertained. He’s like PJ on the MSB.
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
48888 posts
Posted on 8/22/19 at 10:40 am to
his commitment to this board and Tommy Tuberville is unmatched
Posted by good_2_geaux
Member since Feb 2015
740 posts
Posted on 8/22/19 at 10:40 am to
just dropping in for my daily down vote, good day
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1567 posts
Posted on 8/22/19 at 10:41 am to
Meh, may want to find a more accurate source for forecasts
Posted by southernelite
Dallas
Member since Sep 2009
53151 posts
Posted on 8/22/19 at 10:42 am to
Which companies returns over the past several quarters give any indication that we are already in recession much less one is even immediately eminent?

I’m hearing and observing that the underlying fundamental data is still solid. The rest is just noise.
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30542 posts
Posted on 8/22/19 at 11:07 am to
What kind of pleasure do you get from attempting to predict a recession?
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