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Stock Picks for September 21, 2007 |
- Crude topped $84 for an intraday high. Paired with the housing fallout, this is not good. Not good at all. We truly believe in the possibility for this recession to get a lot worse. While we have two open buys, we are not going to be more agressive with stock picks and pricing yet.
- Some say the Bank of England's inaction led to a a run on Northern Rock where thousands of people withdrew their savings due to reports of insolvency. News like this everyday means that the problems are working their way through the system.
- Good news, our overall portfolio stock picks improved in a down market.
- Stick with us, this will be a long road and we are navigating cautiously.
- This is all for tonite, while we have some more buys ready, we are in a good moderate non-agressive stance right now.
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