I feel good

I feel good! tradução em português <a href="http://babelfish.altavista.com/urltrurl?lp=en_pt&url=http://money.cnn.com/2002/11/15/commentary/dobbs/dobbs/index.htm" target="tradutor">aqui</a>.
The Dow squeaked through a 6th week of gains, and economic numbers show signs of recovery.
November 15, 2002: 7:46 PM EST
By Lou Dobbs, Lou Dobbs Moneyline
NEW YORK (CNN) - I'm feeling pretty good about the market and the economy right now... and I don't think it's just because it's a Friday.
Sure, the stock market wasn't particularly strong this week, although the Dow did manage to post a sixth consecutive week of gains... barely.
The industrial production numbers were lousy... and so was the capacity utilization report. But the Michigan consumer confidence numbers were surprisingly strong... and that augers well for continued spending, and perhaps a solid holiday shopping season. And there was a report today that many took as a negative that I see as a positive.
The Producer Price Index for October came in much higher than economists had expected... even taking out the so-called volatile energy and food costs, prices went up sharply last month.
That's certainly good news in one significant sense... it means there's enough demand to permit more aggressive pricing, and that over several months would suggest a strengthening economic recovery. And that would definitely be a positive for the stock market, as well.
So, I'm feeling pretty good as we head into the weekend... I hope it's only the beginning of a better mood for all of us.
The Dow squeaked through a 6th week of gains, and economic numbers show signs of recovery.
November 15, 2002: 7:46 PM EST
By Lou Dobbs, Lou Dobbs Moneyline
NEW YORK (CNN) - I'm feeling pretty good about the market and the economy right now... and I don't think it's just because it's a Friday.
Sure, the stock market wasn't particularly strong this week, although the Dow did manage to post a sixth consecutive week of gains... barely.
The industrial production numbers were lousy... and so was the capacity utilization report. But the Michigan consumer confidence numbers were surprisingly strong... and that augers well for continued spending, and perhaps a solid holiday shopping season. And there was a report today that many took as a negative that I see as a positive.
The Producer Price Index for October came in much higher than economists had expected... even taking out the so-called volatile energy and food costs, prices went up sharply last month.
That's certainly good news in one significant sense... it means there's enough demand to permit more aggressive pricing, and that over several months would suggest a strengthening economic recovery. And that would definitely be a positive for the stock market, as well.
So, I'm feeling pretty good as we head into the weekend... I hope it's only the beginning of a better mood for all of us.