DOW JONES CLOSES AT 10008 points !!!

[rainstorm]

up from 7280? at its low to now!! nice

[WXBUFFJIM]

Maybe the economy is booming some and the confidence is finally there for investors and so on. They have gone through alot with the wake of 9-11 and the effects from that. It's amazing to see the DOW Jones Industrial Average above 10000 again.

Jim

[stormraiser]

It may slowly rise, but I think we are pulling out of the slump.

[mf_dolphin]

And Bush is doing such an awful job!

[cycloneye]

From may 2002 the dow didn't close above the 10000 mark but today it did so at 10008.16 a good sign for the economy.

[wx247]

And Bush is doing such an awful job!

Don't think Bush has anything to do with the DOW, positive or negative. That is just a bunch of malarky from the Dems.

[PTrackerLA]

It's about time this country starts turning around, Bush isn't doing bad either.

[rainstorm]

And Bush is doing such an awful job!

the tax cuts have helped, but the incredible spending spree we are on doesnt bode well for the future.

[mf_dolphin]

The devastation to the economy caused by 9-11 and the corporate scandals kicked us in the teeth for sure. The core of the economy has remained strong though. With the tax cut and the typical American optimism it was bound to come back. It sure will take the teeth out of the Democrats economy platform in 2004. The job market should begin to turn around now which will only help fuel the recobery.

[David]

Vote Bush.

[chadtm80]

Don't think Bush has anything to do with the DOW, positive or negative. That is just a bunch of malarky from the Dems.

No its only Bush's fault when things are bad... When things start moving in a positive direction though, all of a sudden it has nothing to do with Bush

lol

[Lindaloo]

That is why I did not comment Chad. But, you hit the nail right on that head.

[stormchazer]

All I can say is...TAX CUTS BABY!!!

[OtherHD]

Well, when people say Clinton was responsible for the good economy in the 1990's, we hear the same thing. Double standard?

[mf_dolphin]

The common thread is a Republican controlled Congress

[Lindaloo]

Well, when people say Clinton was responsible for the good economy in the 1990's, we hear the same thing. Double standard?

Did not hear that from me. Why? Because I know Clinton had nothing to do with a good economy. He inherited it. The economy was in a downward spiral before he was impeached.

[rainstorm]

2004 Will Be the U.S.'S Best Year Economically in Last 20 Years, The Conference Board Reports in a Revised Forecast
Thursday December 11, 11:01 am ET


NEW YORK, Dec. 11 /PRNewswire/ -- Revising its year-end economic forecast sharply upward, The Conference Board today projected that real GDP growth will hit 5.7% next year, making 2004 the best year economically in the last 20 years.
The forecast, by Conference Board Chief Economist Gail Fosler, expects worker productivity, which set a 20-year record in the third quarter, to rise at a healthy 3.6% next year. That would follow a gain of 4.3% this year.

The economic forecast is prepared for more than 2,500 corporate members of The Conference Board's global business network, based in 66 nations.

KEY BAROMETERS FLASHING GROWTH

"Growing business spending and continued strength in consumer spending are generating growth throughout the U.S. economy," says Fosler. "This burgeoning strength is reflected in The Conference Board's widely-watched Leading Economic Indicators, the Consumer Confidence Index and the Help-Wanted Advertising Index. While the labor market, a critical factor in sustaining growth, is growing slowly, a pick-up in hiring may already have begun."

Real consumer spending, which continues to fuel growth, will increase at a 4.7% pace next year, up from about 3.2% this year. Another gain of 4.3% is projected for 2005.

While the U.S. economy is expected to generate more than one million new jobs next year, the unemployment rate will edge down only slightly, averaging 5.6% in 2004.

The Conference Board forecast notes that as the U.S. economy bounces back, so is Europe, although growth will be subdued compared to most other major parts of the world. "For all the concern about a weak dollar," says Fosler, "the dollar will be worth more than the euro by the end of the year."

Real capital spending, which will rise by only 2.7% this year, will climb 11.7% next year and another 8.6% in 2005. Pre-tax corporate operating profits will top $1 trillion next year, up from a projected $928 billion this year. Another trillion-dollar-plus gain in profits is expected in 2005.

The continued recovery in business profits, which was a key ingredient in funding new investment (crucial in making 2004 a strong growth year), depends on price relief. Business profits will benefit from both improved volume and recovering profit margins in 2004, as inflation creeps back toward 3% by the end of the year.



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