A recession or expansion refers to an entire economy being in the same boom or bust. The truth is the performance of one or more industries affects others. Everyone affects everyone. Different industries are only a little connected, not completely. So it is possible to have a few industries crash while the overall economy is expanding.
What makes a recession or expansion is many industries moving together. People talk about recessions, referring to the whole economy but they hardly care about recessions for specific industries.
My point is one should monitor specific industries and buy them low/sell them high. Maybe some will go down together, and its called a recession, maybe not. I would buy x industry when its at a routine low whether its the only industry crashing during an expansion or recession.
People talk about the whole economy as if there is nearly 100% correllation and thats not the most expert way to view things.
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