Your thoughts on the economy picking up....

[Some guy]

I'm no expert, but I do try to keep up with the news. I think the economy has hit bottom. That is not to say we are on our way up. I think we will hover around the bottom for the rest of the year. In the meantime there will still be some volatility in the market. Other sectors of the economy have recently shown good signs; however, I think too many people are getting their hopes up too early. We will have good weeks as well as bad. I think the biggest thing we have yet to surpass is the loss of value of our homes. People are still walking away from their homes because there is no incentive to stay and the banks are losing because of it. I bought my home in 2001 for 124k. After 8 years and numerous improvements, I am in contract to sell for 101k after having the house on the market for a year. The bank is accepting the loss as a short sale. Their other option was to foreclose and start the bidding at 69k. There are still too many people walking away. I think we are more than halfway through that mess, but it will still hurt. As the economy begins to fire on all cylinders, the unemployment rate will continue to climb (short term) then will level off. In my opinion, we will see steady improvement with everything (including employment rates) a year from now. Until then, we will hang out on the bottom.
Thoughts?

 

[G21Agoose]

All you guys state you are not experts- well I am and I say buy lot's and lot's of fluffy things........ Or not.......... It's up to you really.

 

[Some guy]

All you guys state you are not experts- well I am and I say buy lot's and lot's of fluffy things........ Or not.......... It's up to you really.

Not an expert, but I believe one thing is certain...Fischman is awesome and I don't even know him.

 

[ozpilot]

Well I do know fischman and he is awesome.

 

[fischman]

Let us all take a moment and enjoy me.

 

[dalegribble]

Looks like it's on the mend. My thought is that things will get better until inflation kicks in. We can't just print all this stimulus money and not expect to pay somehow. Once the inflation goes through the roof, the markets will go back down, unemployment and Cost of Living will skyrocket along with prices of everything.....gas, milk, bread etc.....Hope someone does something responsible and proactive to keep inflation down or we are all screwed.

 

[o2bflyn]

It is definetly looking good these days, but I think it is still very shanky and you are going to see some losses as well as gains. Profit taking, short selling, etc.... Plus if/when GM goes into BAnkruptcy you are going to see some drops.

Historically the market starts to rebound about 6-9 months before the end of a recession. Is this the rebound? Possibly, there are a lot of good indicators out there. We are far from solving our economic problems those. Watch with a weathered eye guys/gals and hope for the best.

 

[Semore Butts]

Fishman gave me the best stock information I ever got!

When the "Stock ticker" is "green" at the end of the day, thats good!

I immedietely dumped my stock broker!

He's awesome man!

I sent him 11 ounces of junk gold jewelry, and he sent me $450 dollars! Now thats alot of gas money!

Thank you Fishman!

 

[fischman]

When the "Stock ticker" is "green" at the end of the day, thats good!

I immedietely dumped my stock broker!

He's awesome man!

I sent him 11 ounces of junk gold jewelry, and he sent me $450 dollars! Now thats alot of gas money!

Thank you Fishman!

I didn't know you were going to waste that money on gas!!! I thought that was drinking money!!!:beer:

You can get a 12 pack of cold, refreshing Stag Beer for $6.49 ya know!

 

[gutshotdraw]

Looks like it's on the mend. My thought is that things will get better until inflation kicks in. We can't just print all this stimulus money and not expect to pay somehow. Once the inflation goes through the roof, the markets will go back down, unemployment and Cost of Living will skyrocket along with prices of everything.....gas, milk, bread etc.....Hope someone does something responsible and proactive to keep inflation down or we are all screwed.

The Wall Street types call it a "Dead Cat Bounce." We'll see some leading indicators start to improve later this year, everyone will heave a sigh of relief that the worst is over, things will be looking real positive in the spring of '10, and then the inflation will start followed closely by a spike in interest rates in an attempt to cool inflation. Voila: Carter Part II. Just my prediction.