jzneff on 2009.... rah rah rah.....
so much for the 2009 recovery jz.... you keep chearleading..you may fool some people but not very many here on the daily paul.
S&P 500 up 34 Percent in Less Than 2 Months: S&P 500 went down 38 Percent for all of 2008. So why are we Still Down 42 Percent from the 2007 Peak?
We are witnessing one of the strongest bear market rallies in history. This kind of market volatility only rears its head during extreme environments. One quick fact many market watchers will realize is that if you lose 50 percent of your portfolio, you will need to have a 100 percent gain to break even. How so? Look at it this way. Say you have $100 which falls to $50, a 50 percent decline. A 50 percent increase will only put you up to $75, $25 short of the original $100. That is why even though the market has rallied a stunning 34 percent in 7 weeks, we are still down 42 percent from the peak reached in August of 2007.
Take a close look at some of the rallies during the Great Depression:
http://www.mybudget360.com/sp-500-up-34-percent-in-less-than...
who is jizzneff
Sounds like a howler for Obama's savior economic plan.
When are the FARM's going to adjust again?
The great depression is not a great example
There was massive deflation, and the unemployment was different, since there was not already a huge background of terminally unemployed supported by things like social security.
All in all I think JZneff is close to correct. Real estate markets have bottomed and are turning around. Unemployment is not too bad for the professional workers, with the higher salaries - unemployment of college grads is around 4.5 % so even if there is no recovery, we will continue to consume enough to limp along. We will limp aloing for longer than we had to because of all the government intervention.
The real issue in the end will be inflation, but this will take a while to have an impact. When it hits it might be like the 1970's on steroids, but still probably not like argentina unless some other unforseen problems occur.
It seems that too many people here really would prefer a collapse, rather than simply turning things around, and starting to do the right thing so we could be really prosperous.
No, we just recognize
the reality of the situation.
The real estate market has not bottomed in the slightest. We have yet to see the reset of all the ARMs and are only beginnign to see the first defaults in Commercial Real Estate.
Unemployment, if you research the real number is somwhere between 12 and 15%. The real number includes "discouraged" workers and those only accepting part time jobs to get by.
The inflation that is looming will hit hard and fast.
Cue inflationary depression.