January 26, 2004
WITH 11,000 YOU GET 50:
Stocks Hit 2-1/2 Year High (Reuters, 1/26/04)
U.S. stocks rose on Monday, with the Dow Jones industrial average and Nasdaq Composite Index hitting highs not seen for more than 2-1/2 years, as investors cheered earnings reports, strong housing data and a bullish report on Merck & Co. Inc. (MRK).The Dow Jones industrial average (DJI) closed up 132.75 points, or 1.26 percent, at 10,701.04. its highest close since June 2001.
Posted by Orrin Judd at January 26, 2004 4:28 PM
About a year ago the Dems shifted from pointing to the lower stock market (because it was going up) to focusing on jobs lost. Have to believe with the economy strengthening the job numbers will improve before the election. When the Dems start focusing on "job equality" you know they think they've lost the issue.
Posted by: AWW at January 26, 2004 4:34 PMWith 11,000 you get four more years.
Posted by: H.D. Miller at January 26, 2004 5:14 PMAWW --
Count on what you said (jobs are surely to follow). In addition, one should consider the possibility that the payroll survey may be seriously understating even current job generation. I have seen at least one Wall Street economist go so far as to say that the the last two (weak) jobs reports have convinced him that the reality lies with the establishment survey whivh has been showing job growth more consistent with all other data (jobless claims, consumer sentiment, even happiness surveys!). We may already be creating the 200K jobs per month needed to make everybody happy.
Posted by: MG at January 26, 2004 7:44 PMMG - I've heard the same (payroll survey is understating the job picture) and that there are rumblings that the jobs number released in early FEb will be a good one.
Posted by: AWW at January 26, 2004 11:20 PM