Probably because the real recession hasn't even started yet....

want to know the health of the economy.... watch the credit card companies.... if they're pulling back (and they are doing that big time) then things aren't anywhere close to over, in fact they haven't even begun yet... the 5 year ARM's will start comming due shortly and the new round of defaults will begin... buckle up kiddies....

At least the interest rates are low. It is the best possible situation. We will have to see if the banks are willing to forgive big chunks of these jumbo loans to keep people in the houses.

I don't think I would base the health of the economy on the credit card companies. The credit card reform bill that passed a few months back is making credit cards less profitable. I have a sneaky suspicion the banks are re-allocating that money.

People are going to read what they want to hear. Like if a girl you ask out says "maybe", one guy may think "wow, she's not really that into me" and another might think, "wow she really likes me and I think she'll go out with me"' In the same two paragraph article I read where one analyst is expecting to revisit the lows of March, while another expects a S&P at 1200 by January of '10. It's called an efficient market for a reason. Remember the recession of the 70's? Or maybe the 80's? or maybe the 90's? Or the tech bubble led recession? Where did we go after those? The Resolution Trust Corporation (RTC), led us out of the S&L crisis, then we had high inflation and double digit interest rates/inflation. Where were we the next few years after that? History repeats it's self. The sky isn't falling.

They are down because airlines are crappy stocks. Always have been. They may be a good trade (buy and sell quickly) every now and then, but they are a crappy investment (ownership for the long term).

So did she ever go out with you? ;)

[quote=⌐ AV8OR WANNABE;687677]So did she ever go out with you? ;)quote]



Only after I showed her the "size" of my "portfolio"

:D Google sized, huh? :D