Thursday, October 29, 2009

The Market On Thurday

At 8:30 a.m. we get the first GDP numbers for the third quarter and when that happens, nothing else will matter, I think.

I will post an addendum shortly.

Here it is - "U.S.Q3 GDP grows at a 3.5 percent annual rate, unofficially ends recession; stock futures rise"

There you have it. I would expect to see the markets rise today, but you never know. Futures are going through the roof.

Reuters: Futures up ahead of GDP; P&G, Motorola gain premarket
The government will release its first estimate of third-quarter GDP at 8:30 a.m. (1230 GMT). Weekly initial jobless claims will be released at the same time.

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