My only favorite economist Larry Kudlow has a good piece up today. I like him, not just because he's right most of the time, but because when he's wrong he cops to it right away. He's been calling this market almost correctly since the tax cuts passed and his remarks today include:
The potential for a major expansion of tax-free savings accounts, privately invested Social Security choices, across-the-board corporate tax reform, an end to frivolous anti-business lawsuits, and free-trade agreements in Central and South America will all be possible in a second Bush term. And the Iraqi beachhead for representative government, human rights, and market economics will transform Middle Eastern politics and spread to other dark corners of the world.Read the whole piece HERE. He's bullish, but this market is running up at a killer pace. I sold my calls too soon. Oh well, it's better than losing.
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