"The economy appears to be doing just fine"

[pdq]

hal wrote:
[quote=pdq]
Last quarter GDP numbers are out, and they look pretty darn good to economists (and the markets).

the markets changed thier mind
They did. A tech company announced today that their auditor/accounting firm (Ernst and Young) had quit, mentioning accounting irregularities. Not a good sign for them, and that stock lost about a third of its value.

Also drugmaker Lilly got hit hard after they reported disappointing sales of their version of the new weight-loss drugs, dropping ~$70 a share from its previous close.

Most importantly, meme stock DJT lost over a quarter of its value in one day since the open on no particular news.

:dunno: