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-2.9% WOOT WOOT!


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thanks. amazed that stocks haven't got creamed the last 2 days. something smells bad for this perma rally.

 

That bad a number means the Fed will maintain their current monetary policies, which the stock markets love.

 

The markets will get crushed when the economy improves.

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That bad a number means the Fed will maintain their current monetary policies, which the stock markets love.

when the economy improves.

When does that happen exactly? Been waiting patiently for 6 years.

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Markets absolutely will correct. They always do.

Ya, so? You know for certain that an improving economy will crush the market? I understand raising interest rates will make bonds more attractive and all but a growing economy, higher profits can lead investors into the market as well. A correction can happen for many reasons, or just because of the madness of the crowd, but no one knows exactly when or why a correction will occurred. Do you think stocks are over valued right now? I don't
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Disappearing: AP Knocks Down Expected Second-Quarter Growth to an Annualized 2.5 Percent

 

 

 

Slowly but surely, the confident assurances of a fantabulous second quarter for the U.S. economy — one which is supposed to make the serious first-quarter contraction reported on Wednesday a distant memory — are crumbling.

 

Yesterday at the Associated Press, Martin Crutsinger, who just a couple of weeks ago had been relaying confident second-quarter predictions of annualized 3.5 percent and even 4 percent growth, quoted a still-optimistic economist who, in Crutsinger's words, "said strength in other areas (besides yesterday's weak consumer spending report — Ed.) should still lift economic growth to around a 3 percent annual rate in the current quarter."

 

Today, in covering the University of Michigan's consumer confidence report, Christopher Rugaber, Crutsinger's dynamic duo buddy at the AP, brought the growth figure down to a level which won't even offset the dreadful first quarter:

 

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When there is recovery for a quarter, the left cheers.

 

When there isn't recovery for a quarter, the right cheers.

 

It's nice that half of the country is happy regardless of what happens :)

 

(The above will be reversed if a Republican wins the next Presidency)

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