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Playing the Ponzi
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Why “Playing the Ponzi”? I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is created as debt, and running straight through a global economic model that is based on infinite growth in a finite world. This won’t end well. I’d go a step... More
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Playing the Ponzi
  • AWK At Multi-Year Support 0 comments
    Nov 19, 2012 10:26 AM | about stocks: AWK

    One of my favorite investing themes for the coming decades is water. Blue gold, if you will. Water ETF's like PHO, CGW and PIO have basically been shoddy reflections of the S&P that have under-performed the broader markets. American Water Works (NYSE:AWK), on the other hand, has been in a strong and steady uptrend since bottoming in 2009. The stock is now testing that trend line support for the fourth time, and appears to be breaking above resistance that has been in place for the last couple of months.

    (click to enlarge)

    Disclosure: I am long AWK.

    Stocks: AWK
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