jepittman

Best Stocks for 2009

I wish I had a dollar for every time I've read the phrase 'the consumer is tapped out'. SOME consumers are tapped out. To imply ALL are tapped out is a stretch. There are a lot of people still in pretty good financial shape who have good jobs with rising wages who have the capacity to spend. They, like everyone else, have been bombarded with negative news to the point that they are reacting in the expected way by cutting back on their purchases. A lot of the cutback is optional due to the deluge of pessimism. I understand that in the aggregate consumer spending will decline for awhile as the labor market adjusts to the new market realities. But keep in mind the financial markets have already discounted an awful lot of this pessimism and as people settle down and realize the world isn't coming to an end, they will gradually resume their spending patterns. There is still a lot of consumer buying power out there that can bounce back pretty quickly.


On Dec 24 11:13 AM Emerald wrote:

> Generally speaking, most of the stocks listed above make a lot of
> financial sense, although Fluor and Flowserve are making bets on
> government spending. Dell is in a very competitive business and is
> trying to regain market share lost to HP. However, the consumer is
> tapped out and small business is reducing tech spending in 2009.