More Good News!

A revised GDP boosted markets today. The revision took GDP from 1.9% in the last quarter to a healthy 3.3%. There is some skepticism about this continuing, since much of the consumer spending came from those rebate checks. In addition, it looks like energy demand is slowing enough to cause inventories in natural gas to rise. The result was pressure on oil futures, as the price per barrel fell to around $116. The DJIA gained almost 2%-- the big winner today. DJIA +212.67 NASDAQ +29.18 S&P 500 +11.46