Thursday Outlook: Making Sense of It All

Recession possible? Who knew?

Trim Tabs stated Wednesday we already had a recession and it’s already over. And, no, I didn’t feel a thing. Did you? I think the Daily Telegraph stated yesterday the US was in a “depression”. Today, Bernanke uttered that a recession was possible. Confused? You bet.

Reading charts is much easier than reading the collective minds of most pundits and Fed spokespersons.

My favorite Sacred Cow is #9, a quote from economist Edgar R. Fiedler: “If you have to forecast, forecast often.”

Volume remains heavy on the NYSE [Yahoo/Finance got the math right I think] but is relatively light on the NASDAQ. Breadth was just okay.

















































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Comments

[Andrew Horowitz]

Discipline! That is the ticket.... Say it and play it! Disciplined Investing.. Good job...

www.thedisciplinedinvestor.com

[tom1234]

if history defines an economic environment then by real estate losing value and further declining with government bail outs and unemployment up ---sounds like the use of the word depression fits --now speedy gonzolis said the recession is over---does that mean we enter the depression or happy days are here again