Some Background

My photo
National and Global, United States

Tuesday, February 2, 2010

Economic News UP....Stock Market DOWN!


Let's recap some of the good news from the Economic front from last week(jan2010):

The Commerce Department said the economy grew in the fourth quarter at its fastest pace in more than six years;

The Institute for Supply Management-Chicago said its index of Midwest business activity rose more than expected in January;

Consumer sentiment in January as measured by The Reuters/University of Michigan Surveys of Consumers hit its highest level in two years; and

Of the 220 companies in the S&P 500 index that have reported fourth quarter earnings, 78% of them exceeded analysts' expectations, according to Thomson Reuters. In a typical quarter, only 61% of companies beat Wall Street targets.

Sounds pretty good, doesn't it? So, how does the stock market respond? It goes down.

No comments:

Post a Comment

Some Thinkers