Replies to post #98763 on 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?

[DragonBits]

blade, try and google PAUL KRUGMAN, he has been talking about double dip since 2002.

http://www.nytimes.com/2002/08/02/opinion/dubya-s-double-dip.html

I think at some point, which maybe in 2012, we do get another serious bear market that takes us down below 9000 on the dow.

BTW, how much time needs to elapse to make a recession double dip?

[medchal]

"I seriously doubt that people like Robert Reich, Paul Krugman, ... etc. are too concerned about short-term fluctuations in the stock market."  Of course not.  They are mostly "concerned" with partisan politics and the future of the Democratic party.  You can give them the title "economist" (the flimsiest of all professional titles anyway, whether worn by Arthur Laffer, Robert Reich, or even Milton Friedman, for that matter) and hang all the awards you want on them, but they will, somehow, always just happen to find that whatever economic nostrum is being peddled on the left side of the aisle--whether or not that nostrum is in tune with liberal thinking in general--is the proper remedy for whatever ails us.  The only exception is when they decide to feign disagreement over the dosing of that nostrum in order to separate themselves from more conservatively oriented economists with whom they don't wish to agree.

They (like conservative economists) will also predict the course of past recessions, and any past part of a current recession, with incredible accuracy and detail.

Are these things really not patently obvious to everyone?