[wsj] no economic recovery until late 2009

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Uptown . Nov 13 2008 18:26. Posts 3557

article: http://online.wsj.com/article/SB122651067485621191.html

So apparently the survey of economists returned an overall sentiment that we will see a sharp decline in the 4th quarter of 2008 (to be expected), another decline in the first quarter 2009, a leveling off in the 2nd quarter, and the start of slow growth in the 3rd quarter.

Over the last 3-4 decades, the recovery of the stock market has consistently preceded the economy's exit from "recession" by 6 months. Keeping this trend in mind, if these experts' views hold true and no other drastic events or government measures affect the course of things, long-term investors will probably start to react to an invigorated stock market around mid-2009.

It is of course going to be incredibly difficult for individuals to notice right away, but I feel like it doesn't hurt to keep this in mind if we've turned most of our stocks into cash assets already.

I just hope the upturn begins in 2009, not 2010 as some predictions go (most pple expect the upturn to start within 12-24 months)

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Half Pot!

JYang United States. Nov 13 2008 18:33. Posts 2669

dont forget that the majority of the economists have failed in predicting stuff for like as long as they existed.

i dont know why people still trust these "experts" after they failed every time

JYang United States. Nov 13 2008 18:36. Posts 2669

i just scrolled down and read diversifyin post.

the world is becomin so interconnected that diversifying does nothing. from my perspective its better to have some sort of exit plan.

and in the other news

i was watchin jim cramer show and people still callin in and yelling BOOOOOOOOOYAH

lol wtf

Last edit: 13/11/2008 18:39