"Last week’s muted data calendar was largely ignored as financial markets fretted about rising oils prices and another leg down for financial firms. On balance the data that was released suggested that first quarter real GDP will be revised up to over 1.0%, from the originally reported +0.6%, and that GDP growth in Q2 2008 is still tracking to the positive side of zero".

To see the rest of this article from LPL’s John Canally, please click on the link below:

   http://www.mwboone.com/library/articles/lpl_economic_update_5_12_08.pdf