Written by Doug Short and Steven Hansen
The second estimate of fourth quarter 2014 Real Gross Domestic Product (GDP) is now a positive 2.2%. This data point was +2.6% in the advance GDP estimate. The downward revision to the percent change in real GDP primarily reflected downward revision to private inventory investment.
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
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We decided to celebrate how childlike fun and freedom encourages and promotes pure creativity by turning part of our studio into a ball pit. It is now open to the public and we will try our best to fit you in if we can. We would kindly ask visitors to make a donation to our partner charity right to play.
Infographic Of The Day: Solar Energy
The sun offers an amazing source of power, putting out 3.8 x 1026 watts.
Special Opinion from Money Morning
by Shah Gilani, Wall Street Insights & Indictments
If you didn"t read yesterday"s BrokeAndBroker blog by Wall Street lawyer Bill Singer, you should.
In in his earlier life, before he got a life, Singer was an attorney at the National Association of Securities Dealers (NASD) - now known as the Financial Industry Regulatory Authority (FINRA). And his latest blog is titled "A Tale of Two Streets and FINRA"s Disparate Sanctions."
Written by Gary
Closing Market Commentary For 02-27-2015
The daily volume looked about the same as it has been for the last 5 sessions dropping down near yesterdays lows, only this time we stayed there. I caution you NOT to read anything into this. The oil rig count dropped an additional 33 reported today and that what was what caused the WTI to drop a whole point grabbing the attention of a lot of traders. It has since recovered.
By 4 pm the averages were off -0.4%, again, not too much can be read into this session closing. I am expecting a "small" correction to start next week, but is a SWAG as many indicators are still pointing up.
ECRI"s WLI Growth Index was marginally declined and has remained in negative territory for 19 weeks. According to ECRI, this index is forecasting slower economic growth in 1H2015 and now into 2H2015.