Recession looming

[Buster]

I'm surprised Silverbird hasn't alread been all over this yet..:cheesy:

Chances of another recession increasing
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NEW YORK (Reuters) - Chances the United States will lapse into another recession rose over the past month to nearly one in three as the economy faces a number of road blocks that could derail already weak growth, a Reuters poll showed on Wednesday.
The consensus among economists for the probability of another U.S. recession in the next 12 months rose to 31 percent from 25 percent in the August Reuters poll.

http://news.yahoo.com/chances-another-recession-increasing-reuters-poll-145211322.html

 

[RealMoneyIssues]

How can there be a recession, the stock market it booming... (well today at least) ???

 

[KevinD]

How can there be a recession, the stock market it booming... (well today at least) ???

The Stock Market Is Not the Economy

http://seekingalpha.com/article/277395-the-stock-market-is-not-the-economy

http://www.marketcyclewealthmanagement.com/the-stock-market-is-not-the-economy/

 

[Birchtree]

In 1982 the recession didn't officially end until November - but the rocket ship left the pad in late August. It was anticipating the future. This is happening today.

 

[J-Trader]

The market is well below the 200 day. I would hardly call that booming.

 

[RealMoneyIssues]

The market is well below the 200 day. I would hardly call that booming.

Depends on your outlook. If you are looking at a 200 day average, then I agree.

If you are looking at a shorter time frame, then you have had a 5%+ gain in the S&P in 4 days along with a decisive breakout of a decending triangle pattern (bullish), and no matter what bad news is thrown at the market it goes up...

 

[law87]

Depends on your outlook. If you are looking at a 200 day average, then I agree.

If you are looking at a shorter time frame, then you have had a 5%+ gain in the S&P in 4 days along with a decisive breakout of a decending triangle pattern (bullish), and no matter what bad news is thrown at the market it goes up...

ORRRRRRRR

LOL

 

[RealMoneyIssues]

ORRRRRRRR

Again, its about your time frame. This is a 30 min chart of the SPX (right?) and so it will have a different pattern. I am looking at the daily and weekly because my time horizon is gear towards swing trading, not day trading.

Just my 2 cents