Perversity of Stock Markets

Discussion in 'Trading' started by Eagletrader, Feb 17, 2006.

  1. Feb. 17 (Bloomberg) -- Japan's economy grew five times faster than the U.S. in the fourth quarter as exports climbed and growth in consumer spending doubled.

    The world's second-largest economy expanded at an annual 5.5 percent pace in the three months to Dec. 31, the Cabinet Office said in Tokyo today. Gross domestic product grew a revised 1.4 percent in the third quarter, up from 1 percent.

    After years of deflation, Japanese economy grew 5.5% YoY and 1.4% QoQ. The US just announced terrible GDP numbers for Q4.

    Nikkei responded by breaking down sharply below critical support.

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