better than expected
Market surges on news - banks that need welfare to survive now 10x more valuable than 2 months ago....
People who need jobs and/or help to stay in their homes get ZERO!
Bankers get rich, the rest of us get the bill.
It could be -99.99% and it'll still beat expectations. But then again this is how bubbles are created. These market moves are so illogical that i wish i could stockpile more FAZ when the reality sets in for these bulls.
It depends if GS is net long or short. If they long, GDP will be better than expected. If they're ready to dump, then it'd be a bad number. All these data numbers are cooked and then spun to fit whatever direction they want the market to go. There is a very bullish bias right now. Glass is half full no matter what the numbers tell you.
LOL this house of cards will fall - 9.2% of all mortagages are in FORECLOSURE! That means Fannie and Freddie will have over 600 billion in losses and the stress tests will prove to be a complete joke