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Recession Over

S

Surfbum84

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Feb 6, 2008
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You heard it here first people.

START BUYING STOCKS! START SPENDING MONEY!

You are going to miss the massive upswing that is going to begin very soon on many stock markets. I just got my quarterly bonus and have thrown all of it into blue chip stocks...and I suggest all of you do the same.

The media creates fear which is unfounded. We will all be okay. Sure, some of you may still be unemployed for a while but things will change soon and we will be back in a boom in no time.

Go buy the big ticket items...go on vacations, get a new car (not a GM car tho I hate those bastards)...because the winds are changing....

The private sector is going to be the new place to be, and the public sector will retreat back to the underpaid ways of the past.

Mark my words. If you have cash, BUY BUY BUY!!!!!! I am 25 and will be retired in 5 yrs..heed my advice if you are smart!
 
I agree. It is because of these so-called recessions that so many people become rich. They use their own best judgment not bunch of stupid articles who create fears and uncertainties.
 
I'm already ahead of you.
Bottom feeding can be fun.
 
I'm just continually buying...I'm in it for the long haul.
 
Don't count on it. Could just as easily be a bear trap.

The credit markets are still seized up. The US has a 3 trillion dollar mortgage problem and they've only thrown about 700 billion at it.

Something to ponder...
 
james t kirk said:
Don't count on it. Could just as easily be a bear trap.

The credit markets are still seized up. The US has a 3 trillion dollar mortgage problem and they've only thrown about 700 billion at it.

Something to ponder...
Click to expand...

Mr Kirk is correct, more carnage is still to come.
 
james t kirk said:
Don't count on it. Could just as easily be a bear trap.

The credit markets are still seized up. The US has a 3 trillion dollar mortgage problem and they've only thrown about 700 billion at it.

Something to ponder...
Click to expand...

Bingo. And we haven't even touched on the over 1.5 TRILLION dollars of non-revolving credit-card debt yet...

Sure, spend your money. Just make sure it's yours to spend, and you're spending it on stuff you actually need.
 
Bear market rallies are great for traders with fresh cash but they do little for most trapped bag holders.
Always use a stop loss to prevent disasters and to lock in some gains.

There will be more rounds of foreclosures and we still have to face the commercial real estate collapse and defaults on credit cards, car loans, and student loans.

I hope I am wrong but I don't think this crap is even close to being over. :confused:
 
Well, it's your choice. But keep in mind that those who have access to $$ , a little common sense ... and guts, will be the real winners.

We can all keep reading those conflicting news pushed to our minds and wait and wait .... or take control of our lives and future.

My 2 cents!
 
enduser1 said:
Buy a Hummer Now...
Click to expand...

That angel in your signature doesn't seem like getting ride in a Hummer though :D
 
Inferno said:
Bingo. And we haven't even touched on the over 1.5 TRILLION dollars of non-revolving credit-card debt yet...

Sure, spend your money. Just make sure it's yours to spend, and you're spending it on stuff you actually need.
Click to expand...

It depends where you are on the credit cycle. If you have a bunch of r9's and support payments and you know it's all going to crap, you should go out and lease a Porche Targa 4 or an Audi R8, so you feel better in the bankruptcy hearing. Who wants to pull into a creditors meeting in a TTC bus? How embarrassing. Madoff got to live in the Penthouse, until his jailing. Sheesh

EU
 
enduser1 said:
I'm hoping she will give one, LOL

EU
Click to expand...

Hopefully, but just in case, make sure she knows your 2nd car is a Porche Targa 4 ;) LOL
 
5hummer said:
The recession will be over once I find a job ...
Click to expand...

Are you looking hard enough? I'm sure you do .... and I sincerely wish you find one very soon. :)
 
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