10,000 = 50

Stocks Soar as Dow Ends at 11-Month High (Reuters, June 16, 2003)

U.S. stocks rose on Monday, sending the Dow to its highest close in 11 months after a report on New York state's manufacturing sector proved surprisingly strong and sparked hopes that the U.S. economy will recover later this year.

Stocks have rallied for more than three months, as investors shrugged off tepid economic data and bet on a rebound later this year. Since hitting a low for the year on March 11, the Standard & Poor's 500 index is up 26.2 percent.

If the Dow is at 10,000 at the end of October 2004, not only will George W. Bush carry all 50 states but the GOP will get to 60 seats in the Senate (adding GA, SC, FL, NC, SD, NV, WA, AR, & then picking up one or both Nelsons (NE & FL) in party switches, while holding IL & AK). Posted by Orrin Judd at June 16, 2003 9:44 PM