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By Jove, I Think They've Got It!

Recently strong economic activity has been met with lower stock prices because it meant the QE taper is coming sooner rather than later. Now we all know the taper is on the way. And so we can get back to a more NORMAL reaction to positive economic news as we did with Thursday's gains.

In particular, I am talking about Q2 GDP being revised up from 1.7% to 2.5%. That's a big deal. Also we got another printing of the weekly Jobless Claims under 350K which bodes well for another month of 150-200K jobs added. That will hopefully be on display next week when the key employment reports come out.

With Syria, the debt limit and a new Fed chair still unknowns, the market may not roar higher just yet. That is why choppy, range bound activity is likely in the offing. But beyond this period of uncertainly lies greater odds for stocks to move higher.

I am 100% long in preparation for whenever other investors want join me in this logical conclusion.

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Steve Reitmeister (aka Reity...pronounced "Righty")

Executive Vice President

Zacks Investment Research

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Earnings HQ

Today's Noteworthy Earnings Before the Bell:   ››  BIGYGESOL

Today's Noteworthy Earnings After the Bell:   ››  No Significant Releases. Check calendar for specifics.

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METHODE ELECTRS INC MEI Aug 29 +0.36% +32.50%
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