Tuesday, November 24, 2009

Interesting how major economic data is consistently revised lower

weeks after it made its impact on the market.

today, 3rd quarter GDP was revised from 3.5% to 2.8%. If you remember a few weeks ago the market went ballistic when we had the 3.5% which was above the 3% forecast. But, since it is weeks later it doesn't matter. Ever since March this revised lower after the fact has been going on.

strange, huh?

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