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ajtj99

02/25/09 9:59 AM

#140968 RE: jdaasoc #140966

jd, my expectations have been for -5% GDP in Q4 08 and -5% GDP in Q1 09. For Q2 09 I think we could have a flat GDP or slightly down with a bottom in late May sometime, so I think we're on the same wavelength here.

The movement in the market appears to be purely technical. The charts say it all.