Wednesday, November 03, 2004

Bush bounce

The Dow was up over 101 pts today. Call it the Bush bounce. Everyone who was worried about the dems rolling back the tax cuts, started buying again today. Alas, too bad it is a short lived ride. We should be up by the end of this week, but I still think by the end of the year, we end up in negative territory. At some point, we have to quit borrowing money from the international community. The service on this debt is growing and will become a thorn in this administration's side. So, cheer up my democrat friends, after four years of economic struggles, things could look up.

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