Kind of makes you wonder what all the excitement in the market is all about.The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That's a sharp slowdown from the 3.1 percent growth rate in the July-September quarter.
The surprise contraction could raise fears about the economy's ability to handle tax increases that took effect in January and looming spending cuts.
US economy shrinks 0.1 pct., 1st time in 3 ½ years - Yahoo! Finance
Thank goodness for technical analysis or I would be burying my money in the backyard instead of being invested in stocks.
