October 22, 2006


High Dow signals investors' high confidence (Ron Scherer, 10/23/06, The Christian Science Monitor)

Having surpassed 12000 for the first time last week - closing at 12011.73 Thursday and 12002.37 Friday - the Dow is signifying confidence among investors that economic growth will continue next year, even if at a slower pace. And, if the economy is OK, then future earnings prospects of blue-chip companies such as GE and Citigroup are also promising.

"The Dow really reflects the economic mood, the social mood, the political mood," says Fred Dickson, chief investment strategist at D.A. Davidson & Co. in Lake Oswego, Ore. "It's really a window on the heartland of the country."

And in three weeks we're supposed to vote as if it were November 1929 in America?

Posted by Orrin Judd at October 22, 2006 8:22 PM

We won't. But we will vote like it's 1986 and the Dems will take one or both houses. If they do not, they are are pathetic. Nancy P as Speaker should be entertaining.

Posted by: JAB at October 22, 2006 8:43 PM

All that happened in '86 was that the crop of complete fruitcakes that Reagan carried in with him were culled (for the most part). No one rode W's coattails.

Posted by: oj at October 22, 2006 8:54 PM

I still think '98 is the proper parallel. The GOP counted on a bunch of gains due to the Clinton scandal and ran with no program. The Dems actually picked up seats as the strong economy and Dem ability to explain away the scandal carried the day. In 2006 the the strong economy, along with no Dem program, may lead to some GOP losses but not enough to lose the House or Senate.

Posted by: AWW at October 22, 2006 10:01 PM

While 1998 is a decent model, the current Republicans are acting far more stupid than the 1998 Democrats. On top of that, the 1998 Democrats didn't have a daily body count of Americans killed in Iraq (which easily trumps the stock market).

The Republicans keeping the house will be a miracle.

Posted by: Bruno at October 22, 2006 11:44 PM

Bruno, you need to take off the rose colored glasses. The 1998 Democrats were backing Clinton while he was being impeached, yes?

Posted by: Robert Mitchell Jr. at October 23, 2006 12:59 AM


Drive around your town and look for a daily death count. Now look for falling gas pump prices. which do you see?

Posted by: oj at October 23, 2006 8:54 AM

Bruno, we need you. Please try to pace yourself until the election when you will pleasantly surprised ... and don't forget to vote.

Posted by: erp at October 23, 2006 9:31 AM


I have no one to vote for. My state districts are Gerrymandered so that democrats are running un-opposed.

There is no functional difference between Blago & Topinka (other than Topinka will raise more taxes faster).

My only reason to vote will be for the outside chance that we get a Republican as President of the Cook County board.



Every local station here ran with the body count in Iraq as either the 1st, 2nd or 3rd Story, and all hyped in their 'Coming up' adds.

It's one of the headlines of every newspaper in every convenience store/gas station.

I'll be happy to be wrong, and do my part to get people to vote Republican every day on the radio.

Posted by: Bruno at October 23, 2006 9:47 AM

Bruno, you're not wrong in your assessment of the situation. Just do what you can and please don't despair.

Funny thing I noticed on the way home this afternoon. Local Dems have put up large (4' x 6') signs saying: HAD ENOUGH / VOTE FOR ... (name of Dem candidate).

Makes you just itch to add an editorial comment. I hope there are some gauche righties around here who'll give in to that base urge. It just wouldn't be seemly for an elderly granny to do it and besides my roomie would kill me, not to mention my kids.

Posted by: erp at October 23, 2006 6:17 PM