Friday, January 30, 2009

Q4 GDP wait over

Despite the negative market reaction, the Q4 GDP report was actually better than expected. Sure, it was still quite negative, but everybody knew that it was going to be very negative. Q1 will also be fairly negative, but within two weeks we will have a massive fiscal stimulus bill passed and within a month the effects will begin trickling into the economy and then growing over the next few months.

-- Jack Krupansky

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