The reasons for this are simple. As more and more mortgages default, banks will tighten their lending practices significantly lowering the overall amount of liquidity in the overall market, thus affecting the ability of companies to raise cash.
Furthermore, consumers have been able to spend much more than income would have allowed under more normal circumstances by raising dept through refinancing their homes. Such refinancing is rapidly becoming a thing of the past, so the consumer will very quickly find themselves with a great deal of debt and far less cash to spend than anytime in the past several years - greatly impacting consumer spending.
APD offers investors a great growth story, with more upside exposure to the so-called hydrogen economy than any other U.S. company.
IBM is a spectacular company in solid financial shape, which is selling cheap and growing earnings at a sustainable pace.
Fluor is a pure play in the infrastructure segment and is another great growth stock.
For purposes of disclosure, I currently own IBM and APD and looking to increase my holdings in each. I am also looking to buy FLR on dips.>