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Message
GDP @ 2.4 down from 3.7
Posted on 7/30/10 at 8:09 am
Posted on 7/30/10 at 8:09 am
Today is going to be a fun ride on the old stock market.
LINK
quote:
GDP comes in at a below consensus 2.4%, which a huge drop from the revised Q1 number which came in at 3.7% (from 2.7%). The GDP Price index comes at 1.8%, the core PCE comes at 1.1%, from 0.7% previously. Per the revised GDP numbers, the US economy has now shrunk by 4.1% from Q4 2007 to Q2 2009, compared with the 3.7% previous estimate.
LINK
2
Posted on 7/30/10 at 10:14 am to BeaverPRO
But isn't any growth still good news?
Posted on 7/30/10 at 4:04 pm to BeaverPRO
quote:Dow Jones closed down one-hundredths of one percent (-1.22 points), S&P closed up one-hundredths of one percent (+0.07 points), and NASDAQ closed up thirteen-hundredths of a percent (+3.01 points).
Today is going to be a fun ride on the old stock market.
Kind of a
of a day.Posted on 7/30/10 at 6:05 pm to LSURussian
Yeah it had potential early, but once the pump monkeys got to it, it was no fun.
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