The Commerce Department will release the preliminary estimate of third quarter GDP on Thursday and the consensus expectation is for a positive growth rate of 3%. Considering what has been spent on behalf of economic recovery I would sure hope that we get something north of 3%. TARP took roughly 5% of GDP from the private [...]

“If I had a world of my own, everything would be nonsense. Nothing would be what it is because everything would be what it isn’t. And contrary-wise; what it is it wouldn’t be, and what it wouldn’t be, it would. You see?” From Alice in Wonderland
I’m quite sure that Charles Dodgson - better known as Lewis Carroll- [...]

Blockbuster earnings reports propelled the market higher today, as the Dow Jones closed above the 10,000 level for the first time in over a year. Both Intel and JP Morgan, bellwethers of the tech and finance industry, reported better-than-expected earnings, beating both revenue and profit estimates. The markets responded accordingly: