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November 9, 2012

Are We Having Fun Yet?

The onset of a recession in 2013, will impact stock prices by at least 30% if not more. That correction will come swiftly and as discussed in "Recession Probability: 100%"

it is "...understanding when a recession has begun is hugely important to investors. The table below, which uses monthly S&P 500 data, shows the price declines during recessionary periods going back to 1873. The average drawdown to investor's portfolios is a little more than 30%. During recent recessions the damage has been far worse. " -- Guest Post: The Next Four Years Won't Be As Good As The Last | ZeroHedge

Posted by gerardvanderleun at November 9, 2012 11:29 AM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

That sounds an awfully lot like a line from Lewis' introduction to The Screwtape Letters.

Posted by: mushroom at November 9, 2012 11:41 AM

Crud. I posted it on the wrong sideline.

Posted by: mushroom at November 9, 2012 11:42 AM

So The Won stands up is the East Room (to massive applause) and delivers his first policy-oriented speech since the election: what he's going to do about the looming fiscal cliff.

And the answer is - nothing. Except blame Boehner and the rest of them.

He said he was willing to compromise - as long as the deal reached included everything he wanted.

How did the market, which had been rising all morning long, react?

How do you think?

Posted by: Donald Sensing at November 9, 2012 11:59 AM

Recession? That's like calling Wiley E Coyote's plunge off the cliff a small drop.

Posted by: Christopher Taylor at November 12, 2012 8:11 AM

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