They’re wrong. We’re right. Now the Wall Street Journal says “recovery likely in second half.” And Goldman Sachs (NYSE:GS) calls for a stock market rally similar to the rally in 1982. Who are we to say they are wrong?
CIT dodges bullet, others report super-sized earnings… are banks really on the mend? Greg Guenther with a safe way to play the volatile biotech sector… California finally plugs its budget gap… with taxes, debt and accounting fraud… Chris Mayer on a rising dilemma for miners of the world… Plus, even the dead can’t dodge the recession… backyard burials booming…
TARP May Cost Taxpayers $23.7 Trillion; Economists: Recession Not Over Yet; GM Gets 3 Bids for Opel; Defaults on Commercial Real Estate Hit 20-year High; Drug Company’s Stock Rises 276.81% After Successful Test; Porsche/Volkswagen Deal On Hold For Now; LEI Rises Again; AOL CEO to Revamp Advertising, Develop Community Sites…
US leading indicators push higher… Labor department admits errors… Ben Bernanke heads to the hill… PIMCO suggests buying emerging markets… And Now… Today’s Pfennig!
“Recession easing, but not over: survey.” This morning’s headline, as far as we can tell, only goes to prove that Mark Twain should be quoted far more often: “If you don’t read the paper, you’re uninformed. If you do, you’re misinformed.”
Cash Flow Is Key… When it comes to evaluating the safety of a dividend, the first thing we need to verify – given the current economic slowdown – is demand for a company’s products. After all, a company needs to generate a steady stream of cash in order to keep paying its shareholders.
Risk Aversion returns… Money Multiplier dampens stimulus effects… TIC flows show concern of foreign investors… China back on growth track… And Now… Today’s Pfennig!
The economy still stinks, no matter much money Goldman Sachs is making, says underground investor Marc Lichtenfeld in today’s Smart Profits Report. Marc has four tips for combating the wilting economy:
We now know that Team Obama’s optimism about the power of ‘stimulus’ was misplaced. The official unemployment rate now stands at 9.5% – 20% higher than Obama claimed it would be without the $787 billion stimulus.
Equities “are now barely through an 18-year secular bear market,” says our favorite underground analyst David Rosenberg. As illustrated by the nearby chart, US stocks have a historical tendency to move in 18-year cycles.
