Dow Drops More Than 500 Points

[Dirtbag59]

So what does this mean? Is this a double dip recession?

[mlmpetert]

Originally Posted by Dirtbag59

So what does this mean? Is this a double dip recession?

Ive heard a lot of things from completely partisan resources this week and largely the consencious is the likelihood of another recession in the near term is unlikely. Markets may be considered leading indicators but they are ususaly overly speculative.

Although i did hear yesterday that 70% or so of Americans still think were in a recession. So to most it doesnt really matter, theyre still hurting if we are technically in one or not.

[Dirtbag59]

Originally Posted by mlmpetert

Ive heard a lot of things from completely partisan resources this week and largely the consencious is the likelihood of another recession in the near term is unlikely. Markets may be considered leading indicators but they are ususaly overly speculative.

Although i did hear yesterday that 70% or so of Americans still think were in a recession. So to most it doesnt really matter, theyre still hurting if we are technically in one or not.

Either way something needs to be done to encourage firms to start hiring again. No one is going to go anywhere if companies keep hoarding cash. For better or worse it looks like Obama is going to loose reelection.