The week in review

• DJIA gained another 87.89 this week, 0.73% to 12,090.26. Nice little rally we've got goin'.
  

• Nasdaq Composite picked up 8.32, 0.36% to finish at 2,350.62.
  

• S & P 500 gained 8.74, 0.64% to close the week at 1,377.34.
  

• 10-year Treasury yield dropped 0.106 percentage points to 4.681%.
  

• Crude oil was up $1.42 this week, 2.39% and was up above $60 Friday at $60.75.
  

The U.S. economy grew at a 1.6% annual rate last quarter, its weakest since 2003. Core inflation rose at only a 2.3% rate, down from 2.7% in the previous period. Our economy is cooling too quickly, inflation is not an issue. With housing prices falling, the wealth effect created as they were soaring will quickly disappear and erode consumer confidence. By spring of 2007 the Fed will be contemplating lowering interest rates once again.