Merrill Lynch: "We're In A Recession"

[fishpoopoo]

Originally Posted by RIROCKHOUND

...I really dont think a lot of people think about all of the aforementioned factors... except the guys who are planning retirement in my department, I know they watch the market daily and decide if they want to work another year or not!!!

i guess it goes to financial literacy all around. the stock market is boring, but it is also considered a leading indicator as to how the economy is performing.

the market has been anticipating a recession for some time. housing and financials getting whacked from subprime, industrials getting whacked, sector rotation into consumer staples and utilities (which tend to weather recessions okay). the market provides clues.

[RIROCKHOUND]

Originally Posted by fishpoopoo

i guess it goes to financial literacy all around.

Hey count me in as well among the financial illiterates. what I know about financial/economic voodoo wouldn't fit in a shoe... but I try to usually know what oil is +/- a few bucks a barrel and the stock market +/- 500points or so. One is steadily going up, one is steadily going down... that cant be good....