----- Original Message ----- From: "Stephen Russell" <[EMAIL PROTECTED]> To: "ProFox Email List" <[email protected]> Sent: Friday, November 07, 2008 11:21 AM Subject: Re: [OT]Stock market not impressed with Obama
> On Thu, Nov 6, 2008 at 12:53 PM, Leland F. Jackson, CPA > <[EMAIL PROTECTED]> wrote: > > The stock market will begin to recover from the recent downturn six >> months, or more, in anticipation of the economy actually beginning to >> show positive signs of growth. > -------------------------------------------- > > I don't see that happening at all. I see the economy NOT SPENDING > unless they have to hoping to save as much $$$ toady knowing that they > will probably not have a job in x months. > > Because nobody is buying, no business can survive. This is only going > to get worse. What will we do with all of these people who are > getting released from work? Like myself :( > > > -- > Stephen Russell Stephen, Your perception is wrong. This country is going to recover well. It is not going to get worse. Look at the stock market today. Up strongly on unemployment numbers being the highest in 14 years. This tells me the market thinks the economy will recover in six months. My guess is it will take two years but no one knows for sure. We just have to unwind 15 years of good times caused by vast amounts of leveraging such as people taking on second mortgages to buy things. _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
