GDP Revised Up to 3.3%........Economists?

29 Aug 7:29am
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This is an update to a post the other day when Durable Goods was released.

Watch the video:


Now, economists were shocked when Q2 GDP came in at 2.7% because they were anticipating growth of under 2%. This isn't a scenario where I am harping because they were a at 3.0$ and it came in at 3.3%. we are talking about error rates here in excess of 50%. Don't forget they expected durable good to be DOWN .4% and they were UP 1.4%.

These are fantastic error margins and when you combine the two, it simply means that economists are FAR too negative in their outlook. Unemployment, by every historical measure is low...

Take what these guys say with a grain of salt...

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ToddSullivan

A Massachusetts based value investor, I look for companies whose current valuation is at a discount to their true value. When I purchase a stock, my typical holding period is several years. I consider buying a stock purchasing a piece of a business. I am confident once I make a decision to buy that eventually the market as a whole will recognize the true value of the business and value it accordingly. It may take 1 month, 6 months or a year, but if I buy it at enough of a discount to its true value my results will be (and have been) superior to the market as a whole. Of all the disparate investing disciplines, value investing has stood the test of time. The great investors of have all been value investors. Warren Buffett, Ben Graham, Bill Ruane (Sequoia Fund), Bill Miller and Wally Weitz, all have consistently outperformed the market for decades by using various forms of value investing. Currently I am a contributing writer to Seeking Alpha, Vinvesting.com, The Stock Masters and Value Investing News. Posts have been reprinted in The Wall St. Journal, Yahoo Finance, Google Alerts, Google Finance, TheStreet.com. 24/7 Wall St. and Topix.net.