Merrill Lynch: "We're In A Recession"

[fishpoopoo]

Originally Posted by Back Beach

If its being baked in, I would anticipate a bounce off the March lows ...

i think at some point you could get a short term relief rally, but the trend would continue downwards after a few months. we're not there yet, methinks.

i'm a little confused as to why certain economists are looking to the second half of the year for the economy to rebound, given that housing woes (delinquencies and defaults) are really just starting to take off, and credit card and other installment loans (car loans, etc) are also showing signs of weakness.



oh well, at least if the economy tanks, gas might get a little cheaper.

my profound question for you all:

will custom wood continue to sell for $50/pop?

[Back Beach]

Look out below tomorrow. Overseas markets got crushed today, many experiencing 5-7% one day declines.

50 handle on wood is baked in....

[fishpoopoo]

i suspect beachmasters will go on sale in a few months.

[fishpoopoo]

holy crap bbj, you weren't kidding.

cash market is closed today, but ...

dow futures are down 500 (FIVE FRICKIN HUNDRED POINTS)!

s&p futures are down 60 (SIXTY FREAKING POINTS)!

gonna get UGLEEEEEEE tomorrow at 9:30 a.m. EST.

[striperman36]

Big FishPOOPOO in the market tomorrow.

[Jenn]

well I dont understand all that stock market stuff but I sure am glad my 401K did so well last year

[fishpoopoo]

jenn, hopefully our 401k's don't become 201k's.