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Technology Stocks : Alcatel (ALA) and France
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To: Steve Fancy who wrote (2203)7/28/2000 6:58:25 PM
From: zbyslaw owczarczyk  Read Replies (1) of 3891
 
Steve, my take on GDP:
economists were expecting + 3.8% in Q2 with assumption that 1-st reading on Q1 was 5.5%.
It was however 4.8% in Q1. if they knew it before, forecast
for Q2 would be higher - around 4.5%.
As you can see based on 1-st and 2-nd reading for Q1 error can be 20%, and in the past I saw 30%.
When they make revision of Q2, the numbers can be much lower and all today panic may be just a noise.

Zbyslaw
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