Stock Picks for August 22, 2007

Apple stock pick was up substantially on news of T-Mobile's exclusive deal to sell iPhone in Germany. Commercial paper (short term debt that companies sell) is still frozen.  If this continues it will start to impact corporate operations; without funding companies only have expensive line of credit or one other choice which is to cut costs.  Let's hope it does not come to that.  Come on Bernanke. Bernanke did drop another hint to the market through Senator Dodd that he will use all available tools to calm markets.  This is synonomous with cutting rates. Everyday that goes by with a sideways or slightly down or slightly up market is a good sign things are calming.  Still need some big negative news to come out and the markets do not react.  It was definitely positive when T-Bill rates crashed and the markets took it in stride as did our stock picks. Plan on at least one new stock pick sometime this week or this weekend;  one condition, continued market stability or increased market stability per the above.