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Thread: Stocks slip, in part on Revised GDP calculation

  1. 11-24-2009, 07:28 PM #1
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    Silverbird
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    Default Stocks slip, in part on Revised GDP calculation

    Wall Street steps back on weaker GDP reading and mixed housing report, one day after pushing the Dow to a 13-month high.

    http://money.cnn.com/2009/11/24/mark...york/index.htm
    [the prelimiary announced GDP that hits the press pages is often off - right direction but not exact].
    "All the prophets of Doom, Can always find room, In a world full of worry and fear..." - Protest Song, Monty Python
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  2. 11-25-2009, 12:04 AM #2
    mick504
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    Default Re: Stocks slip, in part on Revised GDP calculation

    Actually I can't see why stocks are going up period...as the economy really sucks and is not really going anyway. I think most people simply just can't make enough off interest or bonds and therefore are sticking it into the market on the chance that they'll make some money. It really puzzles me. Thanks for the article.
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  3. 11-25-2009, 12:40 AM #3
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    Default Re: Stocks slip, in part on Revised GDP calculation

    Quote Originally Posted by mick504 View Post
    It really puzzles me.
    You are not the only one puzzled but where else should you put it. It's not likely to fall off a cliff anytime soon. It is what it is. If your out get in. If your in be cautious.
    I could put it in the bank but that is like loaning them money for free. I could put it in bonds but thats like loaning the gov't money for free. I could put it under my matress. hmmm
    The market is like a wheelbarrow- it stands still until someone pushes it. Little help here.
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