GDP contracted by 6.1% in the first quarter of 2009 and the stock market rallied. Why? The light at the end of the tunnel has appeared. This is from the Wall Street Journal.
The U.S. economy shrank sharply in the first quarter, capping its worst six-month performance in 51 years, the government said Wednesday. But a large decline in inventories and an uptick in consumer spending suggest the economy is closer to the day when it resumes growing.
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