Black Birch wrote: “However, we have a president and congress that are anti small business, anti energy, and anti fill in the blank.”
That was also true in 1975 (Democrats had a veto proof majority in the house and 61 seats in the senate). The market was up over 30% in 1975 and growth was 4%+. When you have the cycle going in your favour, it can cover a lot of policy mistakes.
I’m with Kudlow, I expect a strong Q4 and a good Christmas. Based on rebound from the recession, not anything that Obama has done.
Fly in your ointment - we wont have a rebound. unemployment will be higher in 2010 than it is today, and growth will be tepid. (2-3%).
imho the stock market and the economy both are going sideways.
We've had a pretty good dead cat bounce already. Hope your right..