Tomorrow the 3rd quarter GDP comes out. It's going to be 6% or better. Reality it's probably closer to 1-2% but thats not going to get anyone reelected and I think George Jr. learned very well from daddy so we're going to get 6% or better. Nasdaq over 2000 and Dow over 10,000. Hopefully they won't stay there. Now lets see if I have to eat crow tomorrow.
I'm not sure about the 2000 Nasdaq and the 10,000 Dow although nothing would surprise me at this point. But you're right about the 6% GDP that's going to be reported. I think the number is already in the market, but we'll see.
Larry
Anonymous
Re: 3rd quarter Prediction
October 29 2003, 8:55 AM
I suspect a little better than 6% just enough to get the bulls all excited and start huge rally.
Anonymous
Re: 3rd quarter Prediction
October 29 2003, 10:26 AM
I forgot to add that the job report is going to look good too. Greenspan said that employment was stabilising yesterday and he wouldn't have mentioned that if he didn't all ready know what the numbers were going to be.
Anonymous
Re: 3rd quarter Prediction
October 30 2003, 7:31 AM
Here we go! George Jr. pulled out all the stops.
AH
Anonymous
Re: 3rd quarter Prediction
October 30 2003, 10:08 AM
The make believe numbers didn't have the desired effect so will we see the magical rally in the middle of the day? Funded perhaps by the feds freashly printed dollars. George is kicking off his fund raising tour today and a down market after a GDP like that won't look to good.