PRESIDENT GEORGE W. BUSH Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kenneth E. Phillipps who wrote (525714)	1/17/2004 9:59:27 PM
From: Hope Praytochange	Read Replies (1) of 769667

Call it the energizer bunny. Call it a Teflon market (nothing sticks to it). Call it a runaway train. Whatever adjective best suits your market bias it's hard to ignore that the path of least resistance is still up. The Dow Jones Industrials and the S&P 500 have turned in eight consecutive weeks of gains. That's quite a feat. I thought I heard one TV commentator say the markets have not done that in more than 10 years. Investors seem anything but cautious and the plummeting volatility indices continue to reinforce a lack of fear. Normally when everyone is running the same direction it is a sign to start looking for the exits but until the trend changes all we can do is play what the market gives us. Driving these exceptional moves are strong corporate earnings and encouraging economic data. Friday revealed that consumers were very confident. The Michigan sentiment index soared to a surprising 103.2 in January when estimates were only pointing to a small rise to 94.0. The last reading was 92.6 in December making this the biggest jump since November 1992. So what's making the consumer feel so secure? A stock market with its first gain in three years doesn't hurt. Nor does rising home prices and low mortgage rates (which dropped again last week). Signs, albeit slow ones, that the job market is improving is probably the biggest reason that consumers are feeling upbeat.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next