"There's been nowhere to hide," says Jeffrey Saut, chief investment strategist at Raymond James. "This is one of the more deadly declines [in the Dow Jones Industrial Average, down 6% since May 10] I've seen in a while." [Ian McDonald, WSJ]Aw, Jeffrey, don't be a gloomy Gus! Look at the bright side! Bush's economic policies are working, Rove said so! Didn't you hear his speech? And here's the proof — tax preparers, private prison operators, and funeral homes are all in the black...
"Other lower-growth, but stable businesses that have stayed out of the red over the past month are tax preparer H&R Block Inc. -- up 6% over the past month -- private prison operator Corrections Corp. of America -- up 6.7% -- and funeral-home operator Service Corp. International, whose stock is up nearly 1%."
All hail the Republican growth economy: death, taxes, and incarceration.