Friday, January 29, 2010

4th Quarter GDP Tops Predictions. Shows Best Growth In 6 Years. Market Should Start Running.

Just days after the State Of The Union --spelled out because we hate the SOTU usage-- Stephen Bernard is reporting that "stocks rose moderately Friday after the government's gross domestic product report showed that the economy grew at its fastest pace in six years.

The Commerce Department said GDP grew at an annual rate of 5.7 percent during the fourth quarter, easily topping economists' forecast of 4.5 percent."

Look for the strong GDP report to give the market another rally--one that could reign in more support for President Obama's economic plan.

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