Monday, October 29, 2007

10/29/07

Economics

protectionism (Free trade is a major positive for world and US economic growth.).

http://www.clubforgrowth.org/2007/10/more_support_for_free_trade.php

On income inequality:

http://www.american.com/archive/2007/october-10-07/making-sense-of-income-inequality

Politics

Domestic

International War Against Radical Islam

The news is getting better:

http://www.strategypage.com/htmw/htwin/articles/20071027.aspx

The Market

Technical

Fundamental

Companies are still buying back stock at a record pace. That’s positive:

http://www.nytimes.com/2007/10/27/business/27values.html?_r=1&oref=slogin

More positive news on the third quarter earnings to date (How can you have a recession when corporate profits are growing?):

http://www.zacks.com/newsroom/commentary/?id=6199&ref=ZFEED5

More on the sub prime mess:

http://www.economist.com/daily/columns/marketview/displaystory.cfm?story_id=10048962

News on Stocks in Our Portfolios

Laclede Group (High Yield Portfolio) reported its 2007 fiscal year earnings per share of $2.31 versus $2.30 recorded in the 2006.

EPS: 2006 $2.30, 2007 $2.31, 2008 $2.25; DVD: $1.48 YLD 4.6%

http://finance.yahoo.com/q?s=LG

Verizon (High Yield Portfolio) reported third quarter operating earnings per share of $.63 versus expectations of $.62 and $.66 recorded in the comparable 2006 quarter.

EPS: 2006 $2.54, 2007 $2.35, 2008 $2.65; DVD: $1.62 YLD 4.0%

http://finance.yahoo.com/q?s=VZ

More Cash in Investors’ Hands

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