Utterly Meaningless » Blog Archive » THE BOOMING BUSH ECONOMY

    Filed at 1:07 pm under by dcobranchi

    Evidently, those liberals at Money magazine are affected by Bush Derangement Syndrome, too.

    NEW YORK (CNNMoney.com) — The Dow Jones industrial average hit a record Wednesday, closing above 12,800 for the first time. That’s a nice headline, but what does it actually mean for the market going forward?

    Not much, judging from Thursday’s reaction in the markets, and according to some Wall Street pros.

    After all, earnings are still expected to grow just 4 percent or so in the first quarter, the slowest pace in more than 3-1/2 years. The Federal Reserve is on hold, maybe for the rest of the year. And economic growth is sluggish, though most money managers and economists think a recession can be avoided. Lastly, inflationary pressures seem to be ebbing but it’s far from clear they won’t pick up again.

    How’s that Kool-Ade taste, Tim?

    One Response to “THE BOOMING BUSH ECONOMY”

    Comment by
    Tim Haas
    April 19th, 2007
    at 8:45 pm

    Hey, make sure you specify Commenter Tim and not ODonnellWeb-Homeschool-Blog-Award-winning Tim.