Research in Motion Ltd. (Nasdaq:RIMM) is a compelling buy right now, says Horacio Marquez. The company dominates the corporate market with its Blackberry phone and has a “bulletproof” balance sheet. Horacio says the correction in RIMM’s share price should have run its course by now, meaning a big opportunity for profits in the coming year.
This is no ordinary downturn. After the biggest credit bubble in history, we face a correction on an unimaginable scale. Make no mistake about it: This is a credit-cycle bust that the government cannot stop. The losses are already catastrophic. And the massive unwinding is nowhere near finished yet…
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.