Last week might have been a short trading week, but it was economic nirvana. The GDP was revised up for the third quarter.
Instead of the economy growing at 7.2%, the official estimate is
now 8.2%. There will be a final revision in late December. This
means that the economy absolutely exploded in the third quarter.
We're growing as fast as Mainland China now--an amazing feat
that demonstrates how fast U.S. growth is.

And there's more. The Wall Street Journal reported that profits
for over 1,200 companies averaged up 30% according to the Dow Jones Earnings Survey. This is as good as it can possibly get and I'm very, very excited about the market environment we're in. I can't imagine a better one, in fact. We have low inflation, record growth--the strongest growth in decades--and very strong corporate profits.

Mutual fund money continues to pour into the market, despite the recent scandals. $24 billion entered the market in the past
month. That's the strongest level of money that has poured into
the market since the current flow of funds started in April.
Since that time, $12 billion - $24 billion per month has been
coming into the market, and the money that's pouring in now is
accelerating.

Enjoy the ride. This is as good as it can possibly get economically, and I do think we'll see a great year-end rally in the stock markets this year. Even the weak dollar is bullish for large-cap stocks because it boosts the profits of many top-notch international companies. I'm looking forward to a great Santa Claus rally and a very strong start next year with record corporate profits.

And the #1 stock I'm recommending to my readers today to take advantage of the big year-end rally I'm expecting is (drum roll, please)...Amazon.com (AMZN), the online bookseller. Amazon has posted over 25% sales growth and over 73% earnings growth in the past four quarters. The increasing use of broadband and more shopping on the Internet are the primary reasons I like Amazon.com and a few other Internet retailers today (click here to get all their names immediately online by accepting a risk-free Trial Membership to Blue Chip Growth).

Next year, I estimate that Amazon.com will generate sales of
approximately $6 billion. That's about twice the business it did
in 2001, and 10 times the business it did in 1998. Amazon has not only one of the best brand names on the Internet, but one of the best in business, period. The stock recently pulled back on no news (normal consolidation behavior) and is a strong buy up to $60.

P.S. To get the names of the 4 other stocks on my Top 5 list for December, click here to accept a risk-free Trial Membership to Blue Chip Growth today. When you do, you'll also get the names of the 2 other Internet stocks I really like right now. Since January, and my Top 5 picks are up a whopping 49% and we're on our way toward beating the market for the fifth time in the last six years. Don't miss out on our next big run. Join us now.

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