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News Flash: Optimistic Headlines Rampant on Bloomberg!
Every week, I look at the headlines on Bloomberg and think I'm seeing a
preview of the leading weekly financial columnist's pessimism. And every week, I feel like Willie
Sutton on hearing of Thomson's homer, ready to turn myself in at the nearest police station.
But this week, why it was like a page out of Success magazine. The first five headlines today:
- Stocks May Fall Next Week on Interest-Rate Woes
- Fund Flows out of US Highest in 7 Quarters on Twin Deficit Fears
- Expensing of Stock Options May Lead to Decline in US Profit Growth
- Buffett Sees No Stocks to Buy in US, Increases Bet Against Dollar
- Semiconducter Orders at Lowest Rate of Advance in Five Quarters
- SEC Actions Against US Executives Overshadow Profit Optimism
- GE Profit Rises 24%, Most in Six Quarters, on Industrial Orders
- US Productivity Gain Most in a Year; Consumer Confidence Rises
- P&G Wins EU Approval to Buy Gillette
- Stocks in US Rise on Economic Reports
- Asian Stocks Have Biggest Weekly Rise This Year
Amazing. And what a mistake it would be think that bullish enthusiasm might
not last for more than a few days, especially during the normal times that bears
always make money, the summer doldrums.
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