Thursday, April 28, 2011

GDP, Initial Claims Disappoint, But Stocks Rally

Perhaps headline should be:
Bad News, Stocks Rally!


GDP 1.8% for Q1 on expectations of 2.0%
Initial Claims Increase to 429,000 on expectations of 395,000
...but stocks are rallying off post-news lows
Information is irrelevant! We have printed prosperity now!