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April 20, 2006
Stocks Hit Five Year High
10,350 or so.
About another 350 to finally get higher than we were under Clinton's bubble economy.
Cheap shot, I know. Clinton's economy was basically sound. But it had a huge bubble component, too. Which of course burst... before Bush took office.
Since then we've been building soundly towards those levels. When we hit 11,000 this time, it won't be a bubble.
Coming Reuters headline:
Economists Hail Bubble Economies As "Super Fun" and a "Hell of a Roller-Coaster Ride;" Call Bush's Sound, Sensible Growth "Boring" and "Probably Bad For Your Cholesterol"