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My personal musings about anything that gets on my radar screen--heavily dominated by politics.

2003-12-30

More Bad Economic News

Today the Nasdaq closed above 2000 for the first time in two years. Meanwhile, the Dow climbed over the 10400 level, marking a 4% growth in just the last two weeks and a 25% growth for the year.

Now, I know that the realtionship between the stock market and the overall economy is not a perfectly direct one. Nonetheless, psycholigically, it's huge. And in a couple months when people start opening their 401k statements they'll start feeling better about their future. And well they should.

Some quick analysis from the folks at FoxNews tonight is also quite optimistic. 2004 could be quite a good year.
Posted by: Michael / 12/30/2003 12:33:00 AM

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