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Unconstitutional Patriot
Join Date: Apr 2000
Location: volunteer state
Posts: 5,620
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Humorous blog entry:
"10/04/2006 Market Update:
The Dow industrials soared today into record territory as investors were reassured by a much larger than expected contraction in the service sector, weak factory orders, and weaker than expected private sector job growth. In an uncharacteristic revision, Wal-Mart cut its already weak estimate for growth in U.S. same-store sales during September indicating weaker consumer spending and sparking a mid-afternoon rally that brought the Dow to a new record.
The rally faded in anticipation of a scheduled speech by Fed Chairman Ben Bernanke but later revived as the Chairman warned of a "stark economic future" and "severe fiscal challenges" that could be brought on by a rapidly aging population."
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