Stock Markets Are Up Again By Lawrence Kudlow
I agree with publisher Mort Zuckerman who recently wrote in the Wall Street Journal that subprime jobs numbers in the U.S. foreshadow continued economic weakness. But the stock market seems to disagree with both of us. Stocks are roaring ahead again today — up over 150 points — after holding the high ground yesterday and following Monday’s huge rally. Even a sub-par retail sales report didn’t stop retail stocks from posting a 1.6 percent gain.