Wednesday, February 28, 2007

The day after

The market is a little bit dull, even with the positive signs from Bernanke: Federal Reserve Chairman Ben Bernanke told members of Congress Wednesday that U.S. financial markets appear to be "working well" and are functioning normally.

But this: New home sales saw their steepest plunge in 13 years in January.

And this: The gross domestic product, the broadest measure of the nation's economic activity, grew at an annual pace of 2.2 percent in the last three months of the year, according to the Commerce Department, down from the 3.5 percent rate the government estimated a month ago and still a bit better than the 2 percent growth rate seen in the third quarter.

Make us, a little bit worry!

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