“Stocks opened higher Friday, the final trading day of January, after the GDP report showed the economy grew more than expected in the fourth quarter,” CNBC reports.
“Gross domestic product growth rose 5.7 percent in the final three months of 2009, topping estimates of 4.6-percent growth. While much of the growth was attributed it to inventory rebuilds, there were also some other pockets of strength, which gave a boost to stocks,” CNBC reports.
“But traders were slightly worried about a couple of points in the report: The sharp revision to the prior quarter’s growth and consumer spending,” CNBC reports. “‘Traders are viewing this number with tepid enthusiasm,’ said Todd M. Schoenberger, managing director of LandColt Trading in San Antonio, Texas. ‘The biggest disappointment was the print on consumer spending, which only contributed 1.44% to GDP,’ he said. ‘Considering 70% of GDP comes from the American consumer, the outlook for future quarters still looks bleak considering the labor situation in the country.'”
CNBC reports, “As of Thursday’s close, major indexes are on track to end lower for January. The Dow is down 3 percent so far for January. If it holds through today’s session, that would be the biggest monthly loss since last February.”
Full article here.
The Associated Press reports, “Concerns have been mounting that potential new regulations coming out of Washington could upend a fragile economic recovery. President Barack Obama’s calls last week to restrict trading by big financial institutions helped spark the sell-off. He has provided scant details about the bank overhaul plan to help alleviate any concerns.”
“High unemployment — it remains at 10 percent — is one of the biggest obstacles the country faces… some say the economy will slow from the torrid pace seen during the fourth quarter because much of the growth was tied to companies replenishing low inventories,” AP reports. “Restocking of inventories usually only provides a temporary bump in economic growth.”
AP reports, “In early morning trading, the Dow Jones industrial average rose 30.15, or 0.3 percent, to 10,150.61. The Standard & Poor’s 500 index rose 3.66, or 0.3 percent, to 1,088.19, while the Nasdaq composite index rose 16.73, or 0.8 percent, to 2,195.73.”
Full article here.
MacDailyNews Note: At 9:55am ET, shares of Apple Inc. (AAPL) are trading up $1.89, or 0.95%, at $201.18, down $14.41 from their $215.59 all-time high set earlier this month.
The solution of course is a separate-but-eaqual regiment like the Buffalo Soldiers (Bear Soldiers?). That way those fragile men won’t have to confront anything more terrifying than tanks, bullets, and bombs.
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MW: “private”
The Gay Brigade?
I’m not sure what the effect on the enemy would be, but this much is certain; they would look fabulous!
@ TowerTone
They would certainly blind the enemy in the desert sun. And I think a hour in a locked room with Perez Hilton would be far more effective than water-bording.
Imagine being interrogated by Rob Halford.
’nuff said.
I’ll talk!!!!
Ten minutes with Perez Hilton and I would drown myself….in my own blood if need be.
It seems as WallStreeters make money for themselves but not create any value for America, right? The reason is that they produce no product; They make money from money instead. How does that add value to the economy?
Keep telling that history:
Read the novel, Rescue at Pine Ridge, “RaPR”, a great story of black military history…the first generation of Buffalo Soldiers.
How do you keep a people down? ‘Never’ let them ‘know’ their history.
The 7th Cavalry got their butts in a sling again after the Little Big Horn Massacre, fourteen years later, the day after the Wounded Knee Massacre. If it wasn’t for the 9th Cavalry Buffalo Soldiers, there would of been a second massacre of the 7th Cavalry.
Read the novel, “Rescue at Pine Ridge”, 5 stars Amazon, Barnes & Noble and the youtube trailer commercial…and visit the website http://www.rescueatpineridge.com
I hope you’ll enjoy the novel. I wrote it from my mini-series movie of the same title, “RaPR” to keep my story alive. Hollywood has had a lot of strikes and doesn’t like telling our stories…its been “his-story” of history all along…until now. The movie so far has attached, Bill Duke directing, Hill Harper, Glynn Turman and a host of other major actors in which we are in talks with…see imdb.com at; http://www.imdb.com/title/tt0925633/
When you get a chance, also please visit our Alpha Wolf Production website at; http://www.alphawolfprods.com and see our other productions, like Stagecoach Mary, the first Black Woman to deliver mail for Wells Fargo in Montana, in the 1890’s, “spread the word”.
Peace.