10 Feb 2006 Stocks Awash Until the Fed Plots Its Course
Posted at 14:57h in The Friday BriefMore than half of companies have reported their calendar fourth quarter earnings to date and they are up an average of 14%, according to the Wall Street Journal’s Total Market Index. These strong earnings suggest a continued strong economy. So far, neither the Fed’s rate hikes nor the slowing housing market have managed to sap much of the economy’s vitality. Employment indicators have been strong and consumer spending was robust during the last two months of 2005. Gross Domestic Product in the first quarter of this year could easily exceed 4%, according to experts.