LOLcats Calls It: We’re In A Recession
Published June 5th, 2008 in Sentiment, Economy Tags: bull market, contrarian indicator, icanhascheeseburger, Investech, jim stack, lolcats, recession, sentiment.When a widely popular site like icanhascheeseburger.com puts this up, it’s safe to say that not only has the concept reached everyone, but that “recession” has seeped into the very depths of our collective psyches:
Source: icanhascheesburger.com
Of course, as a contrarian indicator, the fact that we are in a recession may in fact be a condition of the new bull market.
bull market, contrarian indicator, icanhascheeseburger, Investech, jim stack, lolcats, recession, sentiment
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2 Responses to “LOLcats Calls It: We’re In A Recession”
- 1 Pingback on Jun 6th, 2008 at 7:01 pm
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Same for the record lows in the consumer confidence indicators. (You probably pointed that out earlier.)
This sort of thing is always difficult to accept. When things look darkest, they actually look darkest. So why would one use that as a signal that a new dawn is coming? After all, there really are problems with energy, climate change, commodities, etc. Why should we assume that we are exaggerating those problems or that we will find solutions in the near future? But perhaps the magic of science, technology, and markets will work their wonders again.