The U.S. Bureau of Economic Analysis revised third quarter GDP growth up to 4.1%; the previous estimate had market activity increasing 3.6% for the period. GDP estimates helped distract “the market” from other news and sent the Dow Jones Industrial Average surging up 3%, to 16,221; gold dropped another 3% on the same reports, and...Read More

After falling fractionally for five consecutive sessions the Dow Jones Industrial Average got almost all of it back on the last trading day of the week. It closed Friday up 199 points to 16,020 (a 22% gain for the year) on a stronger than expected jobs report and an upward revision to third quarter GDP,...Read More