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IBDvalueinvestin (98.32)

GDP numbers will be treated as not as bad as could have been.



April 29, 2009 – Comments (1)

Especially when considering there were analysts expecting over -8% fall in GDP

Then you have a surprising decline in inventory which is actually a good thing going forward.

First quarter GDP declined 6.1% worse than the 4.7% that was expected. better than the 6.3% drop in the fourth quarter. Personal consumption up 2.2% which is a dramatic increase from a 4.3% decrease in the fourth quarter ; economists expected only an increase of 0.9% for the first quarter.

Stock futures continue to be strong.

1 Comments – Post Your Own

#1) On April 29, 2009 at 10:48 AM, LikeSoup (< 20) wrote:

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