Stock Picks for October 16, 2007
  1. We love this time in the market!  If we are going to get a few sustained pullbacks over the next couple of weeks we should pick up some amazing deals and some great stock picks.  Stand by.
  2. Google buy JUST missed.  Man, so close.  Maybe tomorrow.
  3. We are in the area to average down Toyota.  When this one comes back it will come back with a vengeance.  Until then, we are extremely happy picking up some at bargain prices!
  4. Now for the bad news.  Citigroup.  Even though the results beat their guidance, they gave some pretty dire guidance as it relates to the credit markets.  Saying things about the credit markets like 'shrank dramatically' and 'may never come back' are pretty bad scenarios.  Given the largest financial institution in the world is saying this IS NOT a good thing.  Even more reason for our conservative cautious approach.  More housing problems are coming, mark my words.
  5. $86 oil.  Yikes.  Pile on the negative news and these markets cannot keep going up.
  6. Greenspan said the credit worries will translate to higher borrowing costs and drag on the economy through Q1 08...that is an optimistic view in our opinion and assume no more credit worries.  Could be, I hope for our future stock picks.
 
 

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