J.Stevens

Last Thursday Was the Bottom - It's Time to Get Back in

I, like the author, believe we're approaching the bottom for many stocks, but not all. I recently purchased some gold, because I can't imagine 7.4 trillion dollars of recent planned stimulation not pushing gold up a good bit. I think the idea of correcting the housing problem is to deliberately cause re-inflation and, if so, it'll probably work. But cash will lose a lot of it's remaining value. I also bought oil and NG trusts because many or back to their January prices and OPEC is very, very likely to cut their oil output. Even the Saudies are now calling for $75 per barrel of oil. I recently added to my pipeline stocks because higher oil means more need for more pipelines to serve the new oil and gas production from fields now being found in areas where pipes are not yet serving. I've also been buy some of the better yielding electric utilities. We need more electricity if we're going to be buying electric autos and we we really must. Soon, our old fashion utilities will be chin deep in orders for more power and stringing wire everywhere. Many of our misplaced workers will find a lot more work than they expect. Already experiments in city parking lot electric outlets are showing promise.
While many people a few years from now will be crying about missing their opportunity back in 2009, I may be driving by in a strange looking vehicle, throwing out sparks in all directions. Then, again, I might be busted, poor as a church mouse.