8/25/2003

Market note The high retail gasoline prices are topic du jour on Bloomberg and CNBC this AM. The prices posted look like LA prices yesterday: $2.09 to $2.39. Everybody is pissed and this could hurt both the markets and the still silent Bush. Keep in mind that posted prices from CA include 38 cents in taxes so subtract for your area. The economic data, you know, the actual economy, is booming with housing RESALES up again. LITTLE NOTED VALUE LINE INDEX shows stock market hit an all time high last week. This index is not weighted, all stocks are the same regardless of market cap. It shows that smaller companies are leading the rally and that this thing is for absolute real. Most pro insiders watch this index. For the rest of us it is a guide, but a very relaiable one.

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