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Bad for Business
In the first year of the Obama Presidency the stock market has been on a tear as the global economy recovers from a recession of biblical proportions. Credit markets shut down, commodity markets are in a downward spiral; if not for stimulus packages, the global economy would have had no growth at all.
2009 The Dark
2010 The Dawn
2011 The Light
So many companies hitting 52 week highs, but not generating year over year revenue and not generating a recovery in employment. Pity. Never mind, tax the bejesus out of corporations to support the Obama health initiatives.
In the first year of the Obama Presidency the stock market has been on a tear as the global economy recovers from a recession of biblical proportions. Credit markets shut down, commodity markets are in a downward spiral; if not for stimulus packages, the global economy would have had no growth at all.
2009 The Dark
| December 31, 2008 | November 1, 2008 | ||
| RIM | $50 | $55 | up, down volatile may have to sit tight until the 2nd quarter of 2010. Chinese New Year. $65.06 Nov. 9 |
| *Ford | $2.25 | $7.50 | up, the survivor. Best in class. Pick of the litter. $8.18 Nov. 9 |
| General Electric | $16.25 | $14.50 | Neutral, the fund of funds, will recover, will raise their dividend from .10 $15.85 Nov. 9 |
| Apple | $86 | $190.00 | Pure gold. Breaks 52 week high. Breaks all time high of $202 |
| $320 | $535.00 | Meandering along. 52 week breaker. | |
| IBM | $87 | $122.00 | Big Blue. Aces. 52 week breaker and pays a dividend |
| CISCO | $16.50 | $23.00 | Aces. Another 52 week breaker |
| Bank of Montreal | $34 | $50.00 | 52'er. Pays a dividend |
| Arch Energy Trust | $20.50 | 20.00 | Neutral, blindsided by natural gas. Pays a dividend. |
| Crucell | $16.00 | 21.50 | Vaccine - H1N1 18% stake acquired by J&J |
2010 The Dawn
| Johnson & Johnson | 60.00 | Defensive but could get offensive when swine flu grabs. Pays a dividend. |
| US Steel Corp. | 35.00 | Keep your Potash until 2011. We take steel. |
| RIM | 70.00 | Volatile |
| Ford Motor Capital Trust 11, achieves 6.5% cumulative, convertible | Two home run balls if Ford achieves profitability by 2011 | |
| Trust certificates | ||
| Ford Note, due. |
Nov. 15, 2016, semi-annual interest rate 4.25 convertible @ 9.30 per share |
2011 The Light
| Potash Corp. | Down but not out |
| Nokia | India |
So many companies hitting 52 week highs, but not generating year over year revenue and not generating a recovery in employment. Pity. Never mind, tax the bejesus out of corporations to support the Obama health initiatives.
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