Rosy numbers no longer enough

[dArKeR]

When a market can't even get excited about a blow-the-doors-off surge in U.S. gross domestic product, you know something's up. Or, rather, something's gone up as much as it's willing to go for now.

Stock markets pretty much just lay there like a beached whale after the U.S. Commerce Department trumpeted a stunning 7.2-per-cent annualized rise in GDP for the third quarter. No matter that the number beat even the most rosy of expectations, the markets refused to budge.

It's a pretty strong signal that this is a market that has risen so far, so fast that it's moved beyond "What have you done for me lately?" Now, it's "Lately was all fine and good, but what will you do for me next?" The stock markets have already placed their bets on a robust economic recovery in the second half of this year.

http://theglobeandmail.com/servlet/story/RTGAM.20031031.wbparki1031h/BNStory/Front/

[diamond14]

1. the DOW was 11,600 when Clinton left, and now, 9,700 if you are

lucky will hold for two or three days...this is a HUGE drop since the shrub took over...

I remember when shrub started out his idiocy by announcing clearly to the World that America is in a recession...and immediately tanked the whole stock market on purpose...shrub's war doesn't generate any new jobs...shrub has done nothing to encourage the recovery of the stock market back to the levels during the Clinton era...you can spin til you get dizzy, but it's still a huge huge loss for retirement incomes, investors, cities, unions and all of America...

bush* really thinks that people should get all excited about his 'tinkle-down' economic policies, where we mostly just get pissed-on...

[Code_Name_D]

2. One day.

That is now long the spin lasted. Part of this miiciral was built on new consumer spending. But one day after the anoucnment of the 7.3 number, more current consumer spending numbers registers an alarmingly sharp drop.

Plus. Untemplyment contiues to rise as corps farm out to Inidea. (My own work place even bragged about its new shop just opened up in Indiea. )

People just can not buy any thing without a job. Cudoes for every one who saw though this.