ild, I won't know my actual favorites until I check the prices the day I start buying puts. I am watching a huge list of names, brokers, banks, insurance cos., the quasi govt. geeks, etc. But some of those I expect to pop for no good reason between now and Xmas and I will lop off the flowers that have grown the highest.
I think a reluctance to print money and expand credit at an ever-accelerating rate will bring them down. You don't have to do anything. The new administration just has to stop its emergency powers act supporting game. With Bush likely to be in the White House, I'm certain he will not understand Greenspan's "voodoo economics" any more than his daddy understood Reagan's. Gore would understand that it has worked in the past for Clinton, but try to blaze a new trail for himself. And, when you have a hot air balloon like our economy, any reduction of hot air supplied will mean lower cruising altitudes, if not a crash.
First Onion Bank just came out to say that retail sales will be up 6% this year. I consider that the official start of the Xmas lies season. |
