Your Economy (No Politics)

[osprey]

Nice chart, BW. I have no doubt that the nasdaq is in a downtrend, those 300 points down from the top are a giveaway. The question is when does it bottom? The next real support is 1750 and below the support at 1900 that is definitely in play. If 1900 goes.........

I don't see a recession until 2006 if at all. The question now is soft landing or hard landing and that depends on too many variables, mostly how the captains Greenspan, fed, et al. handle it. Can't call it right now.