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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Paul Kern who wrote (12982)	8/23/2001 4:17:57 PM
From: Tom Hua	Respond to of 19633

Paul, no thanks, my buy order for RMBS is at $2. biz.yahoo.com The report also showed economists were more worried that gross domestic product (GDP) might contract in the current quarter, with 35 percent of respondents expecting third-quarter GDP to shrink compared to 29 percent in the previous survey. Consensus forecasts were for 1.2 percent growth in the current quarter, down from 2.0 percent in the May survey. GDP grew by an annualized 0.7 percent in the second quarter, its weakest performance in eight years. As you know Q1 GDP was revised down to 1.3% from preliminary figure of 2.0%. Q2 GDP will no doubt be revised down when the final number is released next Wednesday. Some economists now think the revised Q2 GDP may be 0.0%. In the event it is negative, however small like -0.1%, I think the news will shake the equity market violently and remove all doubts of a recession. (By definition a recession is defined as 2 consecutive quarters of negative change in GDP and this quarter looks like negative). Mark your calendar, Aug 29 could be interesting. Regards, Tom