GDP coming out tomorrow. Should get the market moving one way or the other. Sure hope they are close to the ballpark this time. Last time they were barreling down the freeway in the wrong direction. ;^)
Whoa, big day today! After yesterday's stocks off is higher volume w/ metals flat, we now got both stocks and metals expected up ahead of all this:
MBA Mortgage Index ADP Employment Change Chain Deflator-Adv. GDP-Adv. |
Chain Deflator-Adv. Crude Inventories FOMC Rate Decision |
An office pool might be nice here, we got till an hour before opening bell to guess at what the GDP will be and the grand prize will be a big I-told-ya-so plus you get to wear the Guru hat. More weirdness:
Consensus is 2.9% - Deutsche Bank came out with north of 4% yesterday. Regardless we know two things will happen:
1) It will be revised down
2) FReepers will scream and yell that the books are cooked and that we are really in a depression
:-)