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Good post. And did you notice that within hours of the reporting of the Iowa results, several sources named, with absolute certitude, not only the Dem nominee, but his running mate? Kerry/Edwards, nominated by acclamation, or so it seems.

I wonder what next week's Dem ticket will be?

What magazine used to do an annual wrapup on the accuracy of psychic Jean Dixon? Probably Skeptical Inquirer. I've always thought columnists and talking heads should have to publish a box score every year to keep their jobs. This is what I predicted; this is what actually happened.

Just a few months ago the liberals were wetting themselves over their 'man to beat Bush', Howard Dean.
Then as it became apparent that Dean had the habit of being a little loose with the facts, and losing some of his luster, the liberals, right on cue, began to tout their 'hero'...Wes Clark.
Immediately after Iowa, these same liberals couldn't shut up about how terrific a candidate Kerry is. Never mind that up to the Iowa Caucuses his name never passed thru their gnarled lips.

Currently, it isn't just Kerry that the libs exalt, it's Kerry and which other democrat that can be best paired with him, to win next November.

The liberals seem to be fickle & mercurial in deciding who exactly will be the best challenge vs. Dubya.
Then again, being fickle & mercurial is a way of life for them.

Some Dem was on TV last night saying that it would be hard for the market to "mimic the the 1965-2000 overall growth years due to a number of macro trends and demographics...."

Back in Jan. '90 some guru wrote a very convincing article all about why the '90's could not possibly be like the wonderful '80's. He was in the money magazine business, not in the investing business and he was very successful satisfying the readership's hunger for bad news. Like Rush says, pessimism is easy-- nobody needs to buy a book or take a class called 'The Power of Negative Thinking" because failure always takes so little effort.

How do stocks do over the long term? In the last 100 years, the Dow has increase 100 fold. Does anyone seriously think the US, or the world for that matter, is in worse shape than in 1900?

One other thing- plotting just the DJIA does not show the value after dividends and inflation. In other words, if you bought in Jan. 1929, you'd have recouped all within seven years if you include dividends and inflation. Now if you bought in on some other year, so much the better.