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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (232377)	5/12/2005 8:05:53 AM
From: RetiredNow	Read Replies (1) \| Respond to of 1573844

in month where most economic data was negative tejek, you are way off base here. Almost all of the U.S.'s economic figures have been very positive in the last month or so. Jobs growth surprised very largely to the upside. The trade deficit narrowed, potentially bumping up GDP growth for the quarter by almost 1% to 3.9%. The Fed showed larger budget surpluses due to higher tax receipts than expected. High wage jobs growth is back. 2 out of 3 companies in the SP500 met or exceeded earnings expectations for the quarter. Oil is inching its way down. Inflation is largely in check. Indexes like the ISM are still above 50, showing continued growth. Everything about this economy is the goldilocks economy, except it hasn't showed up in the stock market yet due to high oil prices. So your statement above doesn't hold much water when compared to the facts.