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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="Deleted member 2897" data-source="post: 704720"><p>Adding some numbers into what I mean right now when I say I still don't think we're accurately factoring in where we are, I posted a link showing various unemployment forecasts. Many people expect 10%-20% unemployment is where we're quickly headed in the next month. GDP down 10%-25% this next quarter. If you look backwards, that's where we were several years ago when the Dow was 12-14,000. And the big difference was back then we were a few years removed from the great recession and were growing. We're shrinking like a Seinfield shrinkage episode right now. I'd expect a much more pessimistic feeling when we're on the way down, because nobody knows where the end is and how bad it may get. On the way out, we knew we were growing and things were getting better. Again "Trump declares global pandemic, Dow rallies 2,000 points" proves you just never really know. So for stupid people like me, I try not to ever attempt to time the market or outguess things.</p></blockquote><p></p>
[QUOTE="Deleted member 2897, post: 704720"] Adding some numbers into what I mean right now when I say I still don't think we're accurately factoring in where we are, I posted a link showing various unemployment forecasts. Many people expect 10%-20% unemployment is where we're quickly headed in the next month. GDP down 10%-25% this next quarter. If you look backwards, that's where we were several years ago when the Dow was 12-14,000. And the big difference was back then we were a few years removed from the great recession and were growing. We're shrinking like a Seinfield shrinkage episode right now. I'd expect a much more pessimistic feeling when we're on the way down, because nobody knows where the end is and how bad it may get. On the way out, we knew we were growing and things were getting better. Again "Trump declares global pandemic, Dow rallies 2,000 points" proves you just never really know. So for stupid people like me, I try not to ever attempt to time the market or outguess things. [/QUOTE]
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