biggest dead cat bounce of all time?, page-25

The barry111

Consumer spending ( a portion of GDP) not GDP:-

"The GDP report showed consumer spending, which accounts for more than two-thirds of the economy, dropped at a revised 3.7 percent annual rate in the third quarter, more than the 3.1 percent decrease estimated by Commerce last month."

still obviously not good.

BUT


GDP was revised to -0.5% for Q3 from -0.3%.

http://mam.econoday.com/byshoweventfull.asp?fid=23544&cust=mam&year=2008


If GDP was revised from -0.3% to -3.7% the market would have been smashed.