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#1
I don't usually listen to baldy's bullshit but I figured "what the hell" yesterday. he's predicting a turn around in housing prices by June (I think he's too optimistic) and says the two things that would get confidence back in the stock market are housing prices stabelizing AND selected Wall Streeet crooks being prosecuted for the frauds they have committed (I am VERY much in favor of the latter and think he's totally correct)
he put together a an "Obama Accounability Index" consisting of BAC, C, CAT, GE, GM and JPM. says that sixpack should reflect how GOOD or BAD Obama's recovery plans are working.
going with a defensive posture for the next 12 months, his best Dow stocks for a vulnerable market are HPQ, VZ, JNJ, CAT and HD. says that IF the market gets clobbered, they should hold their own esp if you include their dividends AND IF the market turns they should be Dow leaders. I found his argument for VZ to be compelling esp with their current 6+% dividend yield, the fact that they are the lead provider for the new Blackberry AND their FIOS TV system. I put it on my stock watch for my IRA and will buy any dips back toward it's October lows.
0
recession??how about depression
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