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Mark Hulbert: ‘If it’s a recession… buy!’ This little-known market indicator is telling you to scoop up stocks on the cheap

Because the criteria for a recession have most likely now been satisfied, it’s time to buy stocks. I doubt that is your first (or second, or third…) reaction to news that U.S. GDP contracted in the first quarter and most likely in the second quarter —thereby satisfying the traditional definition of a recession as two consecutive quarters of economic contraction.

According to something known as the “Recession Buy Indicator,” a good time to buy stocks is when it first becomes obvious that the U.S. economy has been in a recession….

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