The economic boom keeps chugging right along, despite all the gloom-and-doomers out there...
Today's Investor's Business Daily:
"Jitters over slowing growth abated somewhat last week, as a slew of economically sensitive companies reported stronger results and industrial stocks rebounded.
Economic bellwether FedEx (FDX) on Wednesday headlined the week's bullish earnings. Nickel producer Inco (N) and trucker Old Dominion (ODFL) also reported healthy results and better times ahead.
..."What was driving the stock market down was the idea the economy would slow," said James Paul-sen, chief investment strategist at Wells Fargo Capital Management, which handles $175 billion.
But optimism has returned in the last week.
"The root of it is, the economy is stronger than we thought," he said...."