7/12/2005

WE HAVE TO KEEP THE GOOD NEWS AWAY FROM THE STUPID PUBLIC

While we were sleeping and the MSM has been telling us the economy is bad; the Left politicos ditto and getting their face time on MSM, and the Democrats keep pounding on the negative day after day, take a look at these indexes.

The NY Stock Exchange Composite Index is near an ALL TIME HIGH
The Russel 2000 is at an ALL TIME HIGH
The S&P 400 mid cap is at an ALL TIME HIGH

Other Indexes are getting very close (NOT NASDAQ).

The economy is roaring. Dividends are UP, Employment is UP, dollar is now getting stronger; by almost any measure the economy is booming. Tax revenues are up for both states and the Fed (oh my God, tax cuts work. We can't report that.), incomes are up and and and. It is only the Left press and media who keep finding false data. I have called this market since July 2003 The press, all liberal to the core, wants failure failure failure at every level. Today they are having mass labor pains over Karl Rove. Anything to cloud our minds with negativity. If you are an investor, you cannot afford to listen to any of it.

The numbers never lie.

Late Add: Kudlow covers this in detail. I know, he's such a cheer leader for Bush that you just can't depend on his analysis, but he's right for now. As an aside, he put that total zero Elaine Garzarelli on his show the other night, and what did she say? That the Dow would eventually hit new highs. I only watch him if I'm home with nothing to do. He is hyping her for some reason and he is just not to be trusted. As I stated weeks ago

She made one call, the crash of'87, but she stayed bearish for the next four months and missed a huge rally, one of the biggest in history.. She was fired by Shearson because she lost so much client money; actually she had gains but they were pathetic when compared to almost anything else.
Again, why is she on TV?

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