October 3, 2006

WITH THE PRICES OF GAS FALLING AND STOCKS RISING...:

Dow on verge of closing at an all-time high (Patrice Hill, October 3, 2006, THE WASHINGTON TIMES)

The Dow Jones Industrial Average is flirting with an all-time high after spending 6 1/2 years in the wilderness recovering from a bubble in technology stocks, a recession, terrorist attacks, a wave of corporate scandals, sharply higher energy costs and interest rates, and recently, worries about a housing bust. [...]

"The best is yet to come," said Jeffrey N. Kleintop, chief investment strategist at PNC Financial Services Group, predicting that the S&P 500 index will gain at least 14 percent in the next year as energy prices continue to recede, uncertainty about corporate earnings and control of Congress is resolved, and the Federal Reserve reverses its anti-inflation campaign and cuts interest rates.

George W. Bush could finally settle in above the 50% mark for the latter portion of his presidency.

Posted by Orrin Judd at October 3, 2006 9:22 AM
Comments

But Dennis Hastert will settle below 15% before Nov., so it won't do W much good.

Stabbed in the back by his own inept and decrepit party.

Maybe America loves 6 year presidencies with 2 years off.

Posted by: Bruno at October 3, 2006 10:02 AM

Hastert doesn't even have 15% name recognition.

Posted by: oj at October 3, 2006 10:29 AM
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