Expect company profits to be lower. Expect inflation. Expect higher interest rates. Expect higher commodity prices. Expect a tough two years. Expect our expectations to be missed.
It's going to be bad for the markets. However, we don't do schadenfreude here at ChoiceOdds.com. This is partly because you have to aim higher in life. You have to see the best in others and look to bring out the best in yourself. Also, we're not quite sure what the word means.
So, it is without hesitation that we remind you of a short poem that CEO's, bank governors and tea ladies everywhere might want to tape to their computer screens for the next 18-24 months (our tea lady even has a Blackberry, but she might lose that if we have to cut back on anything).
Resume, by D.Parker.
Razors pain you;
Rivers are damp;
Acids stain you;
And drugs cause cramp.
Guns aren't lawful;
Nooses give;
Gas smells awful;
You might as well live.
Next week - and every week for 104 weeks - "Always Look On the Bright Side of Life" by Monty Python.
Inject some sanity in to your life with ChoiceOdds.com
Recession? What recession? The FTSE has gained an average 19.7 points a day in May, compared to 17.5 in April and a daily average FALL of 9.6 points in March.
The DAX is being as gung-ho this month as it was last, gaining an average 18.9 points a day compared to April's 18.8 daily average.
But things aren't as rosy over the pond. The Dow is showing a limp 13.9 point daily gain in May, after thrusting gains of 25.3 a day last month.
Scientific studies have proven that a dose of poetry every Monday morning increases your IQ by between 17 and 21 points.
ChoiceOdds is licensed and regulated by the UK Gambling Commission. License no. 000-002667-R-103780-001