gdp fell a revised -6.3% (from -6.2%) for 4 th quarter 2008 economists are forecasting a -5.1%...
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PPIP program released details last week, the program calls for private investors to invest equity capital on an equal-dollar basis with the Treasury PPIP is estimated $1 trillion in loans will be purchased under the PPIP program.TRANSCRIPT
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Econ Update GDP fell a revised -6.3% (from -6.2%) for
4th Quarter 2008 Economists are forecasting a -5.1%
decline for 1st quarter 2009 New orders for core capital goods rose
6.6% in February (likely a correction from Dec and Jan declines)
Sales of New homes rose 5.1% in February (MoM) but down 38% since 2/08
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Econ Update Sees the S & P rally due to the economic
data and what seems to be new liquidity in the marketplace (due to government actions)
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Government Intervention PPIP program released details last week,
the program calls for private investors to invest equity capital on an equal-dollar basis with the Treasury
PPIP is estimated $1 trillion in loans will be purchased under the PPIP program.
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Econ Update The financial sector was the best
performer last week (10.42%) The utility sector was the worst (1.68%)
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Phase PLUNGE phase Look at financials, financial services,
basic materials, consumer discretionary, and consumer staples
HAS NO FEARS OF DEFLATION
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Up Next Friday: Non-farm payroll is released (BC
believes this is important) Friday: ISM Services Index is released
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http://online.wsj.com/public/page/news-economy.html