satyr

Trading the Economic Recovery: Potential Opportunities Are Staggering

Mad hedge fund trader, your post got a smile out of me. Still, let's be clear. The definition of recession is in fact technical, so extending the definition to joblessness or homelessness is a straw man. As for the 50%+ increase in the S&P, don't forget that we are currently about 30% below the previous all-time high. In other words, yes we've come a long way off the bottom - but the figures don't necessarily suggest that we have returned to the euphoria of 2007. For my time and money, it makes a lot more sense to look at fundamentals, particularly of individual stocks, rather than toss about percentages as a measure of anything. Speaking of percentages, I'd like to know where you got the 18% figure for unemployment rate in California. You're off by quite a lot on that one.