Some Background
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.
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The Articles
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February
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- Economic News UP....Stock Market DOWN!
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February
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