Wednesday, July 29, 2009

U.S. Durable Goods Orders Rise Excluding Cars, Planes



Yes, we're growing again! Buy stocks!!

The data will show a steady stream of improvement, you can mark my words. There are still many skeptics, however, and that gives you a chance to get into stocks when they're still cheap. Buy on dips like yesterday or if we are down today.

Eventually--and perhaps sooner than most people think--we will get job growth coming back. That's when most of the remaining skeptics will throw in the towel (some never will), however, by that time the market will be A LOT higher!!!

2 comments:

Scott C. said...

Mike - I notice that the USA's leading economists (Rush Limbaugh and Lou Dobbs) have changed their tune from "the stimulus is systematically destroying America" to "the economy is recovering but the stimulus had nothing to do with it". Sounds like a bullish sign to me!

Thanks for the good calls on housing & China & stocks in general. I'm in.

Scott C

Mike Norman said...

Yes, yes! Now just wait until we start to see some job growth again. What will they say then?? Some of the more pragmatic Republicans in Congress are going to start supporting Obama and his policies when that happens, that is, if they want to have any hopes for re-election!