Goldman Revises GDP Down
Posted by Ray on October 28, 2009 under Main | 
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Take notice of this downward revision, Goldman has a direct line to, well, the government. The last 2 employment reports that were released Goldman revised their numbers the day before and were within 5% of the actual number, go figure.
Goldman revised its 3Q09 GDP figure from 3% to 2.7%, which is in line with what I was thinking, not that my thoughts really matter, but still. This is a negative impact number on the markets and a sell sign as equities have a 3.5%+ GDP figure priced in. Take notice and take warning, buying on the dips could be considered suicidal at this stage of the game.
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Tags: 3q09 GDP, Goldman, Goldman Sachs
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