It is generally accepted that the stock market is a leading indicator for the U.S. economy. A figure often mentioned is that today's market reflects what the economy is expected to be doing six months in the future. If this is true, then our economy will likely be strong in the coming year as the Dow Jones Industrials Average today closed over 13,000 for the first time in history. As one political wag wrote, "it is all Bush's fault."
Meanwhile, the shave ice in Kailua-Kona is excellent and the village continues to be somewhat charming. The other DrC and I think maybe Kona is our favorite part of Hawaii.
