Reynolds continues to tout that self promoting financial illiterate Virginia Postrel Her latest line of total crap is that she has discovered "secret productivity gains". She has to be the only one who hasn't read a financial page since 1980 because productivity is reported all the time. I predicated my prediction of a 9500 plus Dow based mainly on productivity gains starting last August. The reasons for the current gains are a "secret" only to her. Productivity has risen because of automation, weak unions (no bargaining power with high unemployment), "downsizing" that means companies fired workers and productivity either stayed the same or rose anyway due to "excess capacity" that had to be used up before the economy could grow, outsourcing (sending jobs overseas to slave wage countries like China), massive illegal immigration of workers willing to work for shit, and finally the low interest rates creating growth (people could borrow money to buy things). I'll bet all I've got that she has never made a dime in the markets. She is the kind of useless self promoting tout that can cause you to lose your ass if you listen to them. Here's a secret for you: the MARKET is in a trading range.

Listen to nobody but market generated info. BTW for those of you who have taken some money out of the market, 5 year CD rates are 4.69% In Los Angeles, factoring in several short term rate hikes. (best overall site) Rates can be 5.5% on a ten year where offered. You can get 5.5 on a 5K account; 5.25% on a 1K account. CD rates haven't been this good for years.