Achtung Bubba
Refugee
Contrary to the beliefs of others, the U.S. stock market has not been on a steady decline since "Bush and his big business F.O.B's (that's Friends of Bush) took over."
If you look at the actual Dow Jones Industrial Average for the past five years, you can draw only two possible conclusions:
1) That there's been a steady decline from March, 2002.
2) That there's been a steady decline from January 2000, when Bill Clinton and Al Gore were in office - and had been in office for seven years.
But let's say that the contrary opinion is right in saying, "The stock market reflects the overall attitude of individual investors towards the health of the economy."
What do we make of today's news?
Wall St. bulls take charge
NEW YORK (CNN/Money) - The Dow Jones industrial average saw its second-biggest one-day point gain ever as stocks snapped back from weeks of sharp selling on reassurance from J.P. Morgan Chase about its Enron ties, the arrest of some of the key offenders in the Adelphia scandal, and continued good cheer about 3M's quarterly results.
We're not in a boom yet, by any stretch of the imagination. But I say it's quite possible that Bush-bashers have been exhibiting irrational pessimism, all for the sake of proving that President Bush is terrible at his job.
If you look at the actual Dow Jones Industrial Average for the past five years, you can draw only two possible conclusions:
1) That there's been a steady decline from March, 2002.
2) That there's been a steady decline from January 2000, when Bill Clinton and Al Gore were in office - and had been in office for seven years.
But let's say that the contrary opinion is right in saying, "The stock market reflects the overall attitude of individual investors towards the health of the economy."
What do we make of today's news?
Wall St. bulls take charge
NEW YORK (CNN/Money) - The Dow Jones industrial average saw its second-biggest one-day point gain ever as stocks snapped back from weeks of sharp selling on reassurance from J.P. Morgan Chase about its Enron ties, the arrest of some of the key offenders in the Adelphia scandal, and continued good cheer about 3M's quarterly results.
We're not in a boom yet, by any stretch of the imagination. But I say it's quite possible that Bush-bashers have been exhibiting irrational pessimism, all for the sake of proving that President Bush is terrible at his job.