June 22, 2007

Economics

a rising tax and regulatory burden (Government has never proven that it could solve economic problems efficiently or satisfactorily.) The Senate just failed to pass a bill removing a tariff on imported ethanol:

http://www.clubforgrowth.org/2007/06/senate_votes_to_keep_ethanol_t.php

Unfortunately, there is more—this on the taxing the oil industry:

http://www.realclearpolitics.com/articles/2007/06/criminalizing_supply_and_deman.html

Politics

Domestic

International War Against Radical Islam

The Market

Technical

Fundamental

News on Stocks in Our Portfolios

A positive write up on Verizon (High Yield Portflio):

http://www.thestreet.com/_htmlatb/newsanalysis/techtelecom/10363782.html

An up beat look at Abbott Labs (Dividend Growth Portfolio):

http://www.marketwatch.com/news/story/story.aspx?guid={FB5B8046-43B3-4B17-9D76-801D53AD766F}&siteid=nbs&symb=

Cramer’s show last night was on the stocks in Warren Buffett’s Portfolio. Take a look at how many of them we own:

http://www.thestreet.com/_htmlbooyah/funds/madmoneywrap/10364144.html

Of course, knowing what Buffett owns is of little value without knowing the prices at which to Buy and Sell those stocks; so we thought that you would be interested in our Buy Range, Stop Loss and Sell Half prices for each stock that was in our Universes (red means we follow but don’t own the stock):

Buy Range Stop Loss Sell Half

Coke 37.90-41.65 , 32.20, 87.40

Proctor & Gamble 55.60-61.20 , 47.30, 82.90

Walmart 39.50-43.50, 33.50 , 70.25

Wells Fargo 28.10-30.90, 23.90, 41.90

Moody’s 49.30-54.30, 42.00, 72.75

JNJ 57.00-62.70, 53.10, 86.40

ConocoPhillips 59.10-65.00, 50.25, 86.00

US Bancorp 28.25-31.10, 25.80, 58.00

GE 31.00-34.10, 27.80, 56.60

United Healthcare 46.90-51.60 , 39.80, 108.25

Ingersoll Rand 35.50-39.00 , 30.20, 49.00

Market Analysis

More Cash in Investors’ Hands

Equity Inns is being acquired by a Goldman Sachs affiliated group for $2.2 billion including debt assumption. Approximately $1 billion was for the equity.