Job Report Good - Dow Way Up

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Dow and S&P hit records on solid jobs report
Fri Oct 5, 2007 9:28pm EDT

By Ellis Mnyandu

   NEW YORK (Reuters) - The Dow and the S&P 500 surged to all-time highs on Friday after a solid employment report rekindled optimism about the U.S. economy and corporate profits.

   The economy added more jobs in September than economists had expected, while an earlier estimate of job losses in August was revised to a gain, quashing fears of recession. 

   Friday's record run-up cemented the market's recovery from a late summer sell-off when a credit squeeze and mounting housing market losses drove investors away from equities.

http://www.reuters.com/article/businessNews/idUSHER26663520071006?feedType=RSS&feedName=businessNews&rpc=23&sp=true

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You won’t hear the mainstream media reporting that the economy is doing well, because Bush would get some credit (and that can’t happen).

My IRA is up 20.88% for the year. :smiley:

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140,00 new jobs for september, stock market is up, GM’s profits are up. Frankly I think the media and the Demacratsare trying to hurt the economy so they can steer the elections their way, because this country votes with their pocket books, and if it looks like a strong economy during Bush’s whole presidency, it will be hard for their party. He has done an excellent job, especially considering all of the things that he has inherited from the last administration plus all of the nonsense for the last 7 years. It is scary to think what it would be like with Hilliary in the White House again.