Thanks to Bureau of Economic Analysis (BEA), which published the latest data set of GDP yesterday, the expectation of the economy is falling down to the lowest level in the past five years. The real-GDP of the fourth quarter of 2008 decreased at an annual rate of 6.2 percent, according to a preliminary estimated by BEA.
Source: EconompicData
In response, the Dow Jones plunged by 43.1 points, from 7099.5 to 7056.4; S&P dropped by 8.13 points, from 745.23 to 737.1, in the first 30 minutes after the BEA's report. It warns that, next Monday, the market should continue to fall after 3 down days this week, because of the low expectations in the market.
