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The Good News Economist
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Eldon Mast has been investing since the time he earned his first dollar back in the 1970s. He is particularly interested in how moods effect the market. In good times and bad, he has observed a peculiar fascination by the mainstream media on "bad news." He has also observed in business... More
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  • Kohl's Expect Recovery, Plans to Expand

    Kohl's Corp. (NYSE:KSS) is eyeing more expansion....

    http://online.wsj.com/...

    Tags: KSS
    May 14 3:13 PM | Link | Comment!
  • Q1 2009 GDP Report: Finding The Silver Lining

    Millan L. B. Mulraine, TD Securities
    "There were some obvious glimmers of hope in the report as the improvement in consumer spending (which remains the lynch-pin of U.S. economic activity) during the quarter suggests that U.S. household spending may be on the rebound."

    Sung Won Sohn, Smith School of Business and Economics
    "The economy was not as soft as the GDP number indicated. Businesses stopped producing goods for a while slashing inventories by a whopping $104 billion. Without the inventory runoff, the economy would have contracted by 3.4% instead of 6.1% as reported. This is good news. With lean inventories, production will be cranked up in order to restock the depleted shelves in coming months."

    Guy LeBas, Janney Montgomery Scott
    "Consumers came out guns a’blazin... Personal consumption expanded at a surprisingly robust 2.2%, on the combined strength of greater demand for both durable and non-durable goods."

    Richard F. Moody, Forward Capital
    "The details of the first-quarter report suggest a much smaller contraction, if not a modest advance, in real GDP during the second quarter."

    RDQ Economics
    "The declines in both final demand and nominal GDP were much less severe [than in Q4]."

    Nomura Global Economics
    "If consumer spending stabilizes, a stabilization in capital spending would further improve the outlook."

    Apr 30 12:47 PM | Link | Comment!
  • Nasdaq now up over 8 percent for the year

    The Nasdaq is now up 8.6 percent for the year, closing on Wednesday at its highest level since November 4. 

    Tags: QQQ
    Apr 30 12:22 AM | Link | Comment!
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