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Recession Won’t Morph Into an American Depression (article)

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posted on Feb, 9 2009 @ 12:21 PM
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www.bloomberg.com...

So, I have this friend that sent this article to me, and I'm just wondering if anybody on ATS is buying into this crap?




The 52 percent decline in the S&P 500 from October 9, 2007, through November 20, 2008, was enough to anticipate a very stiff recession. So if we are not in a depression, we are probably in the midst of a major buying opportunity.

I believe that stocks are fairly likely to be up 10 percent or more a year from now, and up 30 percent or more within three years.


No... just no.




posted on Feb, 9 2009 @ 02:13 PM
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Only ATSers who hate "doom and gloom" and "pessimism" will buy into this crap. Also those patriotic Americans (usually soldiers) posters.



posted on Feb, 9 2009 @ 07:43 PM
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For now it wont; just get it a little longer if the recession survives into 2011 welcome depression of 2012



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