- Aug 24, 2007
Came in at 2.2%, which was in line with expectations. Many were thinking it was going to be less than 2%, which is why I don't think we're seeing much movement on the news.Fourth Quarter GDP numbers out tomorrow.
I do have some long puts in place.
Q1 should be very interesting. Between the forecasted slowdown and the government shutdown, it's quite possible that we see a number between 1% and 1.5%. Depending on how that number is spun, it could cause some turmoil in the markets.
I bought a bunch of VIX CALLS and XHB PUTS with May expirations today... We'll see what happens.
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