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EPS100Momentum
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Author has a degree in Engineering and is an avid investor in the market. Experience in industrial materials and structures. In college studied atomic & nuclear physics as well as material engineering. Eastern European
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  • Pending Government Shutdown: Worst hits will go to Health & Tourism sectors 0 comments
    Apr 8, 2011 2:10 PM | about stocks: SPY, GLD, SLV, TNA, TZA, SPXL, SPXS, MIDU, MIDZ, FAS, FAZ, DOG, DTO, USO, OIL, ERX, ERY, DUG, DIG, AAL, UAUA, UAL, LUV, WLP, UNH, AET, HUM, CI, ESRX, WLP, AET
    A 2010 Congressional Research Service report summarized other details of the 1995-1996 government shutdowns, which it said impacted all sectors of the economy. Those included: health and welfare services for military veterans were curtailed; the Centers for Disease Control and Prevention stopped disease surveillance; new clinical research patients were not accepted at the National Institutes of Health; and toxic waste clean-up work at 609 sites was halted. Other impacts included: the closure of 368 National Park sites resulted in the loss of some seven million visitors; 200,000 applications for passports and 20,000 to 30,000 applications for visas by foreigners went unprocessed each day; U.S. tourism and airline industries incurred millions of dollars in losses; more than 20% of federal contracts, representing $3.7 billion in spending, were affected adversely


    Basically the worst hit were Health & Tourism sectors
    Stocks: SPY, GLD, SLV, TNA, TZA, SPXL, SPXS, MIDU, MIDZ, FAS, FAZ, DOG, DTO, USO, OIL, ERX, ERY, DUG, DIG, AAL, UAUA, UAL, LUV, WLP, UNH, AET, HUM, CI, ESRX, WLP, AET
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