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Over in Italy, they are including Hookers and illegal drug sales in their GDP reporting, and from back testing it appears that it adds a full percentage point to their yearly GDP. This weeks newsletter takes a look at how on earth that all came to be, and what we've done here in the states to alter our own GDP readings.
I invite you all to take a look at the free Investing newsletter as we discuss what it all means to us in the big picture. For instance, if adding such things as TV re-runs and Research and Development adds to our GDP, what does it mean when our 4th quarter GDP is revised down from 5% to just 2.2%? It means that without the new accounting methods, it would be a big fat zero...that's what. Take a minute to head over and read the Wednesday evening letter it is entertaining.
Well my guess has been right... so far. My guess was that the open
might be a headfake and we very well might drift down to torch off
the 50 day moving averages on the DOW and the S&P. Well
they're "just about there". The S&P is
"Bob, Are you selling Paintings? Explain this to me
again?.... Thanks, Ed"
No, I'm not. But I do want to send this "special" note out so you
can all understand just what I was trying to express a couple weeks
If you've been around us for
First some housekeeping...
I whined about not selling FFIV on Friday. Today I figured it
would weaken some with these lousy futures, and sure enough we
opened down pretty heavy. So, I sold half of my FFIV right after
the open at