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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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Dots

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Tuesday, March 06, 2012

Europe's Revised 2011 Fourth Quarter GDP in Negative Terrrirory

Data released today shows that Europe's Revised 2011 Fourth Quarter GDP declined into negative territory, as shown on the graph below...an area not visited since 2009. Today's figure confirms the prior Flash GDP number...will see if the Final GDP figure confirms (to be released in about 20 days).


The response in European (and Global) markets was decidedly bearish and declines were steep, as shown in the table below: