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Brendan Loy › Likes
On the front page of NYTimes.com. Ah, the economy, so understandable....
Mike Reynolds, Anne Bouey, Atul Arora and 5 other people liked this
What are you talking about, the stock market makes perfect sense. GDP declines more than expected; swine flu threatens global economy; banks still unstable, "stress tests" widely regarded as fraudulent. BUY! BUY! BUY!
- Brendan Loy
Weird, I was just talking about this with a colleague. And here's our answer, from DJ Newswires: "Although far larger than expected, the 6.1% plunge in real gross domestic product in the first quarter holds some reasons to feel just slightly better about the outlook. *That's because a significant share of the contraction reflects businesses taking an axe to inventories.* The drawdown...
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- Christopher Chung
of course that could just be BS
- Christopher Chung
Agreed, I was scratching my head about this one today. The Fed says things were worse than we thought, but there are some faint signs of recovery. Lacking serious good news in the morning, we might see some backtracking in Thursday's markets.
- Mike Reynolds
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