Monday, January 09, 2006

Wall Street is Soaring

For the first time since 9-11, the Dow Jones Industrials have risen above 11,000 running on what appears to be a true bull market for 2006. For most people this is good news. Even GM stock improved considerably as the stock market now believes that bankruptcy in unlikely anytime soon. (This is good news but it needs to translate into jobs! and job security!)

This alone does not make the economy run but is an indicator of how it is doing. Employment, outside of certain areas of the country (and sadly I am in one of those areas) is not bad at all. Michigan does need to catch up in a lot of areas, but our state government has bigger concerns - like the replacing the robin as our state bird. (Groan)

3 Comments:

Blogger Crazy Politico said...

You gotta keep things in perspective, Shoprat. Maybe by picking a new bird they think they can come up with a new image to attract business.

It's easier than doing something about Michigan's reputation as a "business hell".

5:16 AM  
Blogger Rebekah said...

Well, the Dow Jones Industrials rising above 11,000 is just another example of how the economy really is growing under Bush. But will he get credit for it? Ha.

4:00 PM  
Blogger Little Miss Chatterbox said...

I loved this news :-)!! Makes it harder for the dems to trash the economy.

8:30 PM  

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