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Dow +77.00 / +0.32%
Level 24,015.00

So?

You going to post every 10 minutes?

Up-Down whatever. Due to tax cuts, deregulation and energy production, the future looks bright!

Up-Down whatever. Due to tax cuts, deregulation and energy production, the future looks bright!

My take: The markets went up while the economy went down. I have no problems with the markets going down while the economy goes up.

Yeah, I think (knock on wood) just looking at the last few months' graph of any index or practically any stock, with the retrospectoscope, and you gotta agree that this had to happen. And the degree to which it is happening, if it quits now, is fine.

Now the Sisyphean climb back up in stock prices begins anew.

Overall four things to keep in mind:

1.) Very healthy underlying economic growth in occurring.

2.) Productivity increases over the past three decades mean there is much more growth to happen. By this I mean that the average person has schooled himself (at least) in multiple data entry apps, word processing, spreadsheet, and other utility-type software PLUS the specific software he/she uses in his/her job. That is YUGE and not much recognized as a catalyst for future productivity gains. Dividends from it have yet to be completely realized.

3.) The political climate is strong foreign policy and defense, domestic law and order, AND doing away with regulations as a special focus.

4.) Wide open, sky is the limit energy policy has just begun.

All four add up to a long period of expansion a la Reagan/Bush/Clinton eras. Or even more growth than that.