Quote:
Originally Posted by BigFish
It has officially been determined that we are in a recession........and have been since December 2007!!! Guess, as I speculated earlier, they were just afraid to use the word!  |
Economists typically call recessions looking backwards with past data. This time is no different. The long term economic cycle typically has 5 years of expansion followed by two years or so of pullback.
Yeah, we entered a recession 13 months ago, no surprise here. The market recovery usually precedes main street recovery by six months or so. If any of this holds true, it will be roughly mid summer before we pull out market wise and begin a new uptrend, and this time next year when RI Jimmy starts buying stocks again...
Don't any of you guys remember 2001-2003? It wasn't all that long ago things were real ugly, followed by a five year growth spurt.