Tag Archives: Freddie Mac
Don’t give up the ship! No, we haven’t heard the last of the financial
explosions that have wracked Wall Street for the past year or more. In
September alone, Lehman Brothers vanished, hard on the heels of Fannie
Mae and Freddie Mac. AIG, under the gun, sold 80% of itself to the
federal government. And another major bank or brokerage firm may face a
life-or-death struggle before calm returns.
As awful as the headlines may seem, though, the crisis is closer to its end
than its beginning. Better times are coming, probably before year-end but
almost certainly in 2009.
In this month’s visit, I’ll share with you three reasons to be hopeful about
the economy and stock market over the next 12�15 months. Pundits are
largely ignoring these positives, which means that share prices could leap
higher, and faster, than most folks expect if just a couple of things go right.
I’ll also reveal the one type of stock that will likely outpace 75% of the
market in the year ahead–and a simple way to add this winning horse to
your stable. (Hint: The ticker symbol is MDY!)
Anxiety is building in the bond market — a sure sign that a good buying opportunity isn’t far off.
Traders were greeted this morning with the unpleasant news that import prices shot up 2.3% in September. If that pace kept up for a whole year, we would be looking at a 30% inflation rate in foreign goods. Shivers!