Don’t everybody rush

To announce the good news at once.

You won’t read about this on the front page

Retail sales see best gains since late ’99

Consumers, energized by unusually warm weather and the tame heating bills that went with it, hit the malls with gusto last month, sending retail sales soaring by 2.2 percent — the biggest jump in six years.

The sales spurt, which coincided yesterday with a drop in premium crude oil prices below the psychological threshold of $60 a barrel, sent the Dow Jones Industrial Average surging by 136 points to 11,028.

“You have lower oil prices; you have a healthy employment situation; and you have a consumer that is still willing to do a little bit of spending,” said Gordon Fowler, chief investment officer at Glenmede Trust Co. “That all adds up to a positive for the economy.”

Good news for America (and Bush) = Bad News for the MSM

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