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Originally posted by burdman30ott6
reply to post by Dbriefed
I had 19 credit hours of economics under my belt when I graduated college, and still am routinely educated by you in this forum, my friend. Thank you for consistantly explaining the intrinsics of the market and various indicators.
I saw a mention of this on Thursday (though it was very dumbed down by Marketwatch and was simple referred to as "the 50 day average dropping below the 200 day" no mention of a death cross). The government analysts were pushing the idea that this doesn't always mean a downturn, we're in "new" times and the classic indicators are meaningless, etc. After doing some research and asking about various conditions this week, I am believing that the economy is certainly heading right back towards 2008 territory. If this doesn't come to pass, I'm guessing all the traditional market indicators really are useless now and the man who develops a reliable new method of predicting growth/downturns accurately will become very, very wealthy.