To bad it doesn't matter that much. Since yesterday Obama came out and told everyone the numbers won't be good.
WASHINGTON (Reuters) - U.S. President Barack Obama braced the country for more bad economic news on Thursday, saying second-quarter GDP figures would show the economy contracted and job losses were still a "huge" problem.
So Obama is already releasing the GDP numbers to the public to try to clam the market down that the numbers might be bad. This is the new strategy since the Lehman and Bear Sterns collaspes. It is to realease data early since they know it would have a signficant effect on the market. Therefore the news "get's baked in"
Now that the market is expecting horrible numbers anything less the horrible should give the bulls the upper hand, and with futures up this morning it is possible that they already have the upper hand. Or even the GDP report in hand.
Here is a great video from MarketTicker about the run up yesterday.
