and may touch 11700 before the close.CPI data is easing nicely. Hysterical bears who still have a little margin left in their accounts speak of CPI understating inflation, and therefore useless and a government conspiracy beyond Oliver Stonian proportions.
I begged, begged, begged you bears to tread carefully. Hopefully you listened, and are wealthier for it.
I believe that the best range of consumer inflation is 2-3%, and GDP growth 3-5%. We are awfully close to that now, there is very little volatility in the data, and never in history has it been this good.
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