Biotech Values

[DragonBits]

blade, What traders and CNBC choose to talk about and how they phrase things is what changes.

I have no doubt if we get close to the recent highs you you see predictions of a new 52 week high. I keep seeing predictions of oil in the low 60s when it goes down and the 90s when it goes up.

I saw some economists that were saying double dip, I saw some that were saying it is very rare, I saw some that said it has never really happened. The majority were saying 3% growth.

Try and google double dip and you get all sorts of different opinions. It may have seemed everyone was saying double dip, but in reality it was only a few, and they often omitted the odds they were giving of it happening.

If you look at what the odds they were giving were, it got as high as 25%, which I could agree, it is possible if unlikely.

David Wyss, chief economist with Standard & Poor's, said that even though he thinks slower U.S. growth is practically a sure thing, the odds of a double-dip actually have shrunk to 20%, from 25% earlier this year.

But even Nouriel Roubini said anemic growth.

http://money.cnn.com/2010/06/09/news/economy/double_dip_recession/index.htm?postversion=2010060908

Overall, economists are predicting that the U.S. recovery will slow to around 3% growth this year. Nevertheless, growth is growth.

Now does that sound like MOST economists to you?