JANUARY
1, 2006 --
The
Dow Jones stock market average ended 2005 at 10717.50, down
65.51 from the Dow Jones 2004 close -- 10,783.01.
Republicans would be advised to take stock market analyses as seriously as
criticism from Democrats.
LPR is simply confounded by analysts
who one day will explain a fall in the Dow Jones to higher oil prices, and,
on another occasion, point to lower oil prices as the reason the market was
down.
Stocks this writer no longer holds went up in 2005 and stocks retained declined.
Is there a highly-paid financial analyst who will declare that the market will
perform better if only I sell whatever I have left?
The Wall Street Journal can be expected to run articles claiming that the economy
is doing well -- see "Pouting Pundits of Pessimism," by Brian S.
Wesbury, an "investment strategist, in the Journal,
December 2, 2005, p.A10.
But if our economy is flourishes, as Mr. Westbury writes, why is the Dow Jones
down from last year, why Is GM in trouble?
Media liberals (mainstream only on their own waterway) can be expected to cheerlead
for Democrats and chide
Republicans.
See, for example, Fred Hiatt's "Chinks in the Republican Armor," in The Washington
Post, December 12, 2005, p. A25, clearly assuring Democrats they can become
the Congressional majority, after next election day.
It is nearly 12 years since the GOP won majority status in the House and Senate
and the GOP, in this writer's view, has yet to learn how to deal with the partisan
left -- elected officials and their media allies.
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