Well, the stock market went up 63 points today. Despite some genuinely dark clouds on the horizon; the national debt, trade deficit and dollar rout, the stock market seems to be shrugging it all off. It may very well reach and pass, the height it reached(approx 11,700?) before it dropped.
The jobs report for December is coming out tomorrow and the experts are expecting what they call "robust" growth of 150,000. The experts on the CNBC show I was watching did not mention this wasn't even enough to replace the increase in the size of the labor market, nor did they mention that shrub's administration promised job growth of 330,000 jobs per month if the tax plan was passed in June.
On a related note, the same show discussed the devastating effect of China on our textile industry. Essenially it will be gone, with the loss of 630,000 jobs in 2005. The industry lost 330,000 jobs in 2003. So I have the following poll question.