11/07/2004

Markets and Economy
TRADING RANGE OVER

The stock market is about to take off like no market in the last several years. There are very few dot coms to mystically inflate values (I exclude Google and Yahoo). We are going to have a run with real companies that market or create real products. Employment is booming, transportation is booming--the rail car shortage is so severe that trucks are being used instead, check the want ads for truck drivers--- companies are transporting goods to markets eager to have them. The S&P 500 breakout is the biggest thing to hit the market in at least a year. Don't make the mistake of thinking a rising tide floats all ships. Ships with rotting wood will stay at the bottom of the new ocean. I hope you are all in this with carefully selected stocks because this is going to be one hell of a ride.

Keep in mind that Bush tax policy is pro-growth and his aim at Social Security will help this market enormously over the years.

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