8/19/2003


Good economic news could be bad for Republicans this is because the ultra-left Democratic presidential candidates have put all their money on a sagging economy which now looks almost sure to have turned: 7 year high on home building starts, high retail sales, all point to an almost sure improvement in the jobs numbers at month end. This means that Lieberman will start to show traction and Lieberman could beat George Bush. As I said a few weeks ago, Consumer Sentiment is the most useless number on the planet in forecasting markets or economy and it is off today. BTW it sure looks like the dollar has turned back up which means to me that Europeans are buying dollars so they can buy U.S. stocks. When both U.S. stocks go up and the dollar goes up.......means a boom. If you bought stocks a month ago and their value has risen 10% add another 5% with the dollar rise. Happy Days are here again, I think.

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