Oct. 29, 2021

Lot‘s Of Churn, But No Direction.

Lot‘s Of Churn, But No Direction.

It was one of those days, with lots of churns, but no real directions. As market averages flat, but behind all of that was a lot of angst and a few choice words among analysts.
The first thing to know about today is that last night many of the Street's b...


It was one of those days, with lots of churns, but no real directions. As market averages flat, but behind all of that was a lot of angst and a few choice words among analysts.

The first thing to know about today is that last night many of the Street's basic assumptions were laid to rest. The idea we have a fairly good economy was destroyed by a preliminary GDP report which said we're only growing at 2%. less than 1/3rd the level of the last 2 GDP reports.