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Strategies & Market Trends : Three Amigos Stock Thread
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To: Galirayo who wrote (4098)4/30/1998 8:42:00 AM
From: Phil Jacobson  Read Replies (1) of 29382
 
Great economic data just came out - wages up less than expected, GDP up way more than expected, consumer spending up more than than any time in the last six years. S&P futures just ZOOMED to +9 points which corresponds to a Dow open about 50 points higher.

Perception seems to be that wages are in check, the economy is extremely productive, and people are spending at least a large part of the productivity increase to further accelerate the velocity of the money in the economy.

If the initial perception holds this could start another big leg on the bull market.

Phil
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