Wednesday, October 04, 2006

Dow Hits all-Time High--Again

Reuters.

"U.S. stocks climbed on Wednesday, driving the Dow to an all-time high for a second day, as data showing a weaker-than-expected services sector reaffirmed views the Federal Reserve will keep interest rates unchanged."

Strong growth, strong profits, low unemployment, low inflation.

Oil is now under $59/barrel, likely heading lower as drving season and EPA-mandated
summer reformulation goes away.

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