Earnings Week Q4 2009

Posted by Kris | Monday, October 12, 2009 | | 0 comments »

Earning weeks is coming up. Things looks rosy with now DOW reaching 9,925 points. The 10,000 mark is in sight. People are optimistic that the recession is over while i am receiving tons of mails from M*** F**'s ( a popular stock/funds/investing website with a paid subscription...Not a bad word) that another recession is on the way. Most of the mails unwillingly ended in my junk folder. I tried to end the mail subscription but to no avail. Adui.

Kinda tired of reading the same old headline again and again. When the market is good, the newsletter is shouting a downturn is coming soon and vice-versa. To go opposite the market flow at the wrong time can be very very costly. And to stay against the flow is sheer arrogance and also very costly.

Recession is withering away?!

WASHINGTON (Reuters) - The worst U.S. recession since the Great Depression has ended, but weak household spending as the labor market struggles to create jobs will slow the pace of the economy's recovery, according to a survey released on Monday.

The survey of 44 professional forecasters released by the National Association of Business Economists (NABE) found that 80 percent of the respondents believed the economy was growing again after four straight quarters of declines.

"The great recession is over," said NABE President-Elect Lynn Reaser.

"The vast majority of business economists believe that the recession has ended, but that the economic recovery is likely to be more moderate than those typically experienced following steep declines."

Recessions in the United States are dated by the National Bureau of Economic Research. The private-sector group, which does not define a recession as two consecutive quarters of decline in real gross domestic product, often takes months to make determinations.

The current recession that started in December 2007 is the longest and deepest since the 1930s. It was triggered by the collapse of the U.S. housing market and the ensuing global credit crisis.

The NABE survey, conducted in September, predicted real GDP growth expanding at a 2.9 percent pace over the second half of this year. Output for the whole of 2009 is expected to contract 2.5 percent and next year, rebound to 2.6 percent.

Anime Pic: Samurai Champloo