Ain't that the truth! The initial Q1 GDP was revised down a whopping 4% when it was all said and done. Thursday's GDP number will be booted off the important news list after it is reported.
Basically GDP will be reported at 8:30AM on Thursday. The markets will all react and that's that. Then GDP will become important again on Tuesday, November 25th when the first revision is reported. The markets will react and that's that. Finally it will be important one more time in the 4th quarter when the final revision is announced on Tuesday, December 23rd at 8:30AM.
After that Q3 GDP will not be all that important again except for forecasters because in January Q4 2014 GDP will be announced and then Q4 2014 GDP will be all the rage. The Bloomberg Calendar I use doesn't show 2015 yet but I'm going to go out on a limb and predict they release Q1 2015 GDP on Thursday, January 29th at 8:30AM.
By that time I'm hoping BAA will be trading more in line with what it is worth! At the same time I'll be wishing it was still trading at .17 so I could accumulate more cheap shares.
BAA Long & Strong!
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