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cman1098 t1_iyf3gs3 wrote

Reply to comment by FagotDelightBan6901 in Message to bears + 2023 Year End targets from major banks by Player896

People want to talk about how a recession is coming when growth names have been in a 2 year stock bear market and a 1 year bear market for the major indices. We just lived through the recession already and the market is forward looking. Stonks go up from here and we have bottomed. The recession isn't coming, it has already passed us by and it was a weird one.

edit* - stocks also bottom about 3 months before a recession is over. All the lays offs have finally happened and come the end of January no one will be talking about a recession anymore.

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PSUBagMan2 t1_iyfamb3 wrote

People here seem to straight up be praying for a depression. It's so weird.

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loophole64 t1_iyfci8x wrote

The word is recession. And yes, people want it, including the fed. That's how you fix the inflation problem. A recession is better than runaway inflation. Recessions are necessary. It's not immoral to want the economy to correct and reign in out of control inflation.

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cman1098 t1_iyfbhpt wrote

That's how you know bottom is in. Reminds me of the seperate variation post and how frothy everyone was in March/April 2020. Everyone was sure SPY was going to break below 200 and all the bears lost their ass.

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loophole64 t1_iyfcm2p wrote

The stock market is not the economy.

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cman1098 t1_iyfdg76 wrote

You are right, so there is no reason to be talking about a recession coming on the stock forum because they aren't the same thing. Recession does not equal stocks going down in your case then.

This bear market has already been longer than average and returns after midterms have historically gone up every single time since tracking has begun.

The 2 quarters of negative gdp already happened, that was the recession. Just had growth again in Q3.

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