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  • Time to Get Conservative? 50 Ideas for a Summer Sell-Off  [View article]
    It was only 2 years ago that the Dow was at an all time high and many of these stocks were flying. Yet, the future earnings potential for many of these companies is in doubt given the potential for higher taxes, higher energy and labor costs, regulation, and worst of all- protectionism.

    Trying to value these stocks in light of today's economy- that was built on American opportunism and leadership that led to hundreds of millions of new middle class worldwide - is colored by a view of tomorrow's that could be built on a different ethic- global downsizing.

    It may be awhile before we really know the effect of the current policy proposals, considering Soviet malaise didn't appear right away and it took Mao over a decade to starve millions of his citizens. I can see why someone would turn to short term technical trading instead of relying on the vision of an American-led resurgence in global consumption.

    How much would you have paid for railroad company stock if the government had promised to increase taxes to fix up tenements instead of allowing immigrants to travel westward?
    Aug 04 09:19 am |Rating: +6 -2 |Link to Comment
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