Read this perspective.
(hat tip: Instapundit)
We have been hearing the recession drumbeat for years, ever since certain people refused to acknowledge the Clinton recession in progress when George Bush took office. To compound the issue, when Bush lead us out of the effects of the Clinton recession and the downturn caused by 9-11, all we heard were things like "worst economy since Herbert Hoover", "jobless recovery", tax cuts for the rich", and other assorted bits and pieces of demagougery.
Now we have a presidential election coming up, and the credit squeeze which started last summer is all the excuse certain folks need in an attempt to pin bad economic times on the Republican party in a not well disguised effort to regain the presidency.
We will not let them get away with it
I did not like today's action or the negative manufacturing report.
ReplyDeleteI like this report though.
ReplyDeleteNo one said this is going to be easy. The first two qtrs 08 will be tough, but at the end of the year, look for a 2-2.5 gain in GDP, and an overall 7-9% market increase from 07 year end.
That means there are LOTS OF OPPORTUNITIES ***RIGHT NOW*** IF YOU KNOW WHAT YOU'RE DOING.
What is your opinion as where and what to invest in and when? I don't think I know what I am doing in this market.
ReplyDeleteI believe the sub prime is not behind us and consumers continue to spend on borrowed funds that many will not be able to repay by summer.
...though I sure do prefer you being right on this :)
Look for opportunities in consumer staples and utilities.
ReplyDeleteConsumer staples have a long term stable growth history, excellent dividends, and the outlook is for rising income. If interest rates rise, this would hamper this sector, but I don't think we will see that happen in 08
There are a number of buys in energy right now, and outlook for growth is good.
Because of the babble about "global warming' and emissions, electrics are looking upgrade plants, including retrofiting coal fired plants. this is a positive step, especially in Democrats win the WH this year and continue to control Congress.
If you're in the mood for a little risk, look at ETR. with more emphasis on nukes, this could be a four bagger. (Full disclosure: I'm into this stock as part of a family trust. Don't ask---the story is too complicated.)
thanks
ReplyDelete