Bright Spot
Wow, the economy is really roaring.
Wall Street bounded higher Friday, hurtling the Dow Jones industrial average to a record close approaching 13,000 as investors celebrated a week of surprisingly strong earnings reports. The major indexes all had their third straight winning week, their longest such streak since October.
Investors who had tempered their expectations for first-quarter earnings at the beginning of the week were energized Friday by the initial wave of upbeat results. So far into the earnings season, 16 of the 30 Dow components have posted financial results for the first three months of the year—with 10 surpassing analyst forecasts. Dow components Honeywell International Inc., Caterpillar Inc., Pfizer Inc., and McDonald's Corp. all reported earnings Friday.
It's amazing that the Democrats still want to erase Bush's tax cuts. We have a strong economy in spite of 9-11, the War on Terror, and Hurricane Katrina. That will be one of Bush's strongest legacies. Too bad our leftist media won't give him any credit for it.
Just as they and the Democrats don't want victory in Iraq, I don't think they want a strong economy for America as long as there is a Republican in the White House. I think they wish for the worst possible things to happen if it means they regain more power. What an awful bunch of people.
UPDATE: Right on cue...
Wall Street bounded higher Friday, hurtling the Dow Jones industrial average to a record close approaching 13,000 as investors celebrated a week of surprisingly strong earnings reports. The major indexes all had their third straight winning week, their longest such streak since October.
Investors who had tempered their expectations for first-quarter earnings at the beginning of the week were energized Friday by the initial wave of upbeat results. So far into the earnings season, 16 of the 30 Dow components have posted financial results for the first three months of the year—with 10 surpassing analyst forecasts. Dow components Honeywell International Inc., Caterpillar Inc., Pfizer Inc., and McDonald's Corp. all reported earnings Friday.
It's amazing that the Democrats still want to erase Bush's tax cuts. We have a strong economy in spite of 9-11, the War on Terror, and Hurricane Katrina. That will be one of Bush's strongest legacies. Too bad our leftist media won't give him any credit for it.
Just as they and the Democrats don't want victory in Iraq, I don't think they want a strong economy for America as long as there is a Republican in the White House. I think they wish for the worst possible things to happen if it means they regain more power. What an awful bunch of people.
UPDATE: Right on cue...
posted by Jennifer at 4:07 AM
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