Stock Picks for August 23, 2007

Great day for the portfolio.  All positions / stock picks went up. We are still walking cautious, but one more good day either down or up and we will release a new buy.  Maybe as early as tomorrow. At your request, we added a clearer way of showing our performance relative to the S&P.  Check it out in the latest stock alerts.  I think you will agree it is much better. 4 major banks made use of the discount window loans for over $2 billion.  While I think this was largely ceramonial, it does help market psychology. Some really negative news came today with forclosures up and company layoffs; and the markets went way up.  This is a great sign. Oh, and let's not forget energy prices are dropping! We would love to see some small pullbacks on the way up, and going back to 14,000 take a few weeks.  Otherwise, we will test the lows again eventually.