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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (290211)6/13/2006 11:04:43 PM
From: tejek  Read Replies (1) of 1571218
 
To get the true measure of an economic recovery you have to look back to it after its over. I suppose you think this one will be over soon. Well we will see.

I already have a measure of the current recovery. Have you watched the markets lately? You should. I have never seen a downdraft as severe as this one. The one in 2000 was long adn depressing but never fell off a cliff like this one. There are so many, many stock charts that look like ski jumps. Here's one.......ERS:

clearstation.etrade.com

The stock went from $64 to $12 in a little over a month's time. There are numerous charts like that one. Fear creates ski jumps in stock charts......that's the measure of your recovery....fear. BTW just so you know, ERS reported a good quarter. Imagine where they be if they hadn't. GS beat the street yesterday by $.19 per share.......went down $6 today.

No one trusts this recovery.....and for good reason. Look who's at the helm of the ship.
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