Did u get sucked in by the Dow rally yesterday? or by the ASX jumping 1.57%. I said yesterday that the U.S. GDP numbers were a fraud, because the number was mostly built out of government spending/waste leading to more debt. The true story can be found in the unemployment numbers which are horrific. New data to-day on consumer spending and sentiment are horrific which completely blows away yesterday's fraudulent GDP number.
The Dow is now collapsing off by 155 points and giving up most of yesterdays pointless rally.
