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I think the "recovery" will go flat

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mot78 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-30-03 05:02 PM
Original message
I think the "recovery" will go flat
Here's why:

1. The rw media is returning to that euphoric late '90s-like state. They're clearly exaggerating this recovery.

2. I heard that the Nasdaq is up 30% this year. Expect Tech Wreck II, hopefully next summer/fall.


3. Greenspan will raise rates, just like he did in 1999.
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SahaleArm Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-30-03 05:08 PM
Response to Original message
1. Sooner than that.
Expect a firesale of tech stocks in Q1-Q2 '04.
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mot78 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-30-03 05:14 PM
Response to Reply #1
2. Perhaps buying Amazon and Yahoo stocks is the best way
to get rid of * ;)
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SahaleArm Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-30-03 05:35 PM
Response to Reply #2
4. More like the best way to lose your shirt.
Shrub will fall either way.
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texastoast Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-30-03 05:34 PM
Response to Original message
3. What recovery?
The big boys don't get it. Send the jobs overseas, who's got money to buy their Chinese slave labor-made crap?
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Wellong Donating Member (219 posts) Send PM | Profile | Ignore Thu Oct-30-03 05:43 PM
Response to Original message
5. Hopefully
Expect Tech Wreck II, hopefully next summer/fall.


Why are you hoping for "Tech Wreck II"?
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Brucey Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-30-03 05:51 PM
Response to Original message
6. It all depends on how you measure it.
Bush and friends will find ways to show that the recovery is strong. Other indicators will show recession ahead. I doubt that employment will be strong by next summer, but I'll bet the stock market will be up thanks to Bush's rich friends artificially rigging it. Statistics can be made to tell any story.
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