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Lv 7
? asked in Entertainment & MusicJokes & Riddles · 2 years ago

The DOW is lurching back up again?

Where are all the people that were saying a recession is coming when it was down yesterday? Shouldn't they be saying we're not heading for a recession today?

Update:

Everyone. I already know that the stock market is simply an indicator. No need to try to explain it to me. My post is simply a commentary on the liberal media's tactic of fooling people with misinformation.

12 Answers

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  • Anonymous
    2 years ago
    Favourite answer

    They were quiet yesterday because it went up 100 points, but the 2 days prior to that they were creaming their jeans over the impending doom of our economy.

  • Anonymous
    2 years ago

    The Dow has been seeswaing for about a year and a half now. It goes up and then it goes down again. Volatility, in general, isn't good, and in this case the downs have erased all the gains over that period.

    Moreover, the possibility of a recession coming isn't undone by one upward swing of the market.

  • Anonymous
    2 years ago

    Who cares? Ordinary people cannot afford shares or bonds anyway, and there will always be a next "recession" in the current capitalist system

  • 2 years ago

    There are a number of factors that indicate that we're heading for a recession. Those include the inverted yield curve a couple of days ago, the shrinking in major economies such as Germany and the UK, the slowing down of the US economy, the uncertainty caused by Trump's trade war with China, etc.

    The stock market reacts to those concerns.

  • Jeff S
    Lv 7
    2 years ago

    Only because Trump delayed his newest round of tariffs because big retailers whined about Christmas shopping!

  • Anonymous
    2 years ago

    Good, we need to make up the thousand points it's dropped since last week.

  • Anonymous
    2 years ago

    ---Trade War with China

    ---Possible invasion of North Korea, a nuclear power

    ---Increased deficit due to tax cut for billionaires

    ---America now hated in the world

    ---Lowest rate of home ownership in 60 years

  • Mark
    Lv 7
    2 years ago

    Apparently statistically (you know, scientifically, oh wait, cons don't "lahk sigh-ince", so never mind about that) the up-down stock market is an early sign of a recession.

  • -j.
    Lv 7
    2 years ago

    The Dow wasn't the reason for the concerns about recession. The inversion of the yield curve, which has been a much more successful predictor of recessions, was.

  • 2 years ago

    The world is already in a economic slowdown. So far USA is not much affected.

  • Anonymous
    2 years ago

    Nice Cherry picking, we're in deflation

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