The outlook is bleak for retailers, says Adam Lass. As job losses mount, households are cutting back on all non-essential spending. And massive government bailouts won’t reach the high street in the near future. Adam says investors should continue to short the retail sector.
Retail experts are predicting one of the most dismal holiday shopping seasons in decades this year – a crucial stretch that will set the stage for poor retail sales throughout 2009.
Laura Cadden says Aastrom Biosciences, Inc. (NASDAQ:ASTM) is one of the hottest biotech stocks priced under $5. The company hopes to use its proprietary Tissue Repair Cell (TRC) technology to revolutionise treatment for heart disease. And it is making good progress through the trial phases. Laura says Aastrom is poised to make 20% gains in six months
America’s credit-based consumer economy is dead, says James Howard Kunstler. The government and its zombie banks are trying to preserve the status quo. But activities based on getting something-for-nothing will soon be replaced by those producing the things we need to survive. And in this economy, there will be enough work for everyone…
If you’re thinking of getting back into stocks, it’s better to arrive late than too early says Ben Traynor. Yes, losses this year have been spectacular. And the temptation to bargain hunt is strong. But Ben says investors should remember that they still have a once-in-a-lifetime opportunity to lose a lot of money very quickly.
We are all being deceived by the nature of our banking system, says Matthew Collins. Fractional reserve banking is corrupt. And with the Fed at the heart of the scam, it’s no wonder things are so messed up. Matthew says it’s time we stand up and demand answers.
It takes time to correct the errors of a 25-year bull market, says Bill Bonner. There is a dark valley to cross before the market can climb again. But the Fed and Treasury continue to try and stop the correction process. Bill says all they are likely to do is cause some spectacular damage.
Reckless government spending has already put the US taxpayer on the hook for trillions of dollars, says Eric Roseman. And there is no telling how many more bailouts and loans are to come. Eric says gold will emerge as a surrogate currency as the Fed prints the US dollar into oblivion. And that means a sharp return to its long-term bull run.
The weight of the global economy rests on the American consumer, says J. Christoph Amberger. That’s who all these government bailouts are trying to reach. And unless shoppers throw caution to the wind this Christmas, we could be in for a rough ride.
Louis Basenese says those calling the death of the US dollar as the world’s reserve currency are forgetting one vital detail: there is no alternative right now. In addition, more global rate cuts, de-leveraging and uncertainty should sustain the current dollar rally for a while longer. Louis selects three ways to profit from this trend.