9/19/2003

Markets and Economy
TEN THOUSAND BEFORE YEAR END IS STILL MY CALL

I'm off to Eugene Oregon to see the Oregon Michigan game which I think will be like Saddam vs the Kurds, but my son is a Duck so I'm going and I'll have a good time.

Doesn't take a genius to see that growth is huge with the leading economic indicators up .4 for August (4.8 annual growth rate) and July revised to UP .6 (7.2 annual growth). Projected third quarter growth is now, get this, 6%. This is huge. Keep in mind that this is a PROFITS rally, not an economy rally. Jobs will have to be up soon or this entire thing will collapse. Stay the course, keep your stops, get out on sell signals.

No comments: