7/30/07

Economics

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

http://www.clubforgrowth.org/2007/07/protectionism_ramps_up_in_sena_1.php

fiscal profligacy (Government spending as a percent of GDP is too high and the looming explosion in entitlement expenditures will make it worse. There is no good solution save spending discipline.). Earmarks in the defense appropriations bill:

http://porkbusters.org/2007/07/spirit_of_1776.php

More on the farm bill:

http://www.heritage.org/Research/Agriculture/wm1566.cfm

All the doomsayers laments about the lack of saving in the US--it was a statistical error:

http://www.poorandstupid.com/2007_07_22_chronArchive.asp#1376676195825574738

Politics

Domestic

A look at the House’s fight with Alberto Gonzales:

http://www.realclearpolitics.com/articles/2007/07/attorney_controversy_is_about.html

International War Against Radical Islam

The Market

Technical

Elliott Wave analysis:

http://www.bloggingstocks.com/2007/07/30/elliott-wave-sees-bear-market-ahead/

Fundamental

A positive story of Forward Air (Aggressive Growth Portfolio):

http://www.bloggingstocks.com/2007/07/30/forward-air-corp-taking-your-portfolio-forward/

News on Stocks in Our Portfolios

Donaldson (Aggressive Growth Portfolio) raised its quarterly dividend 11% to $.10 a share.

EPS: 2006 $1.55, 2007 $1.80, 2008 $2.00; DVD: $.36, YLD 1.0%

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

Laclede Group (High Yield Portfolio) reported second quarter earnings of $.43 versus $.13 in the comparable quarter of 2006.

EPS: 2006 $2.37, 2007 $1.90, 2008 $2.00; DVD: $1.45, YLD 4.0%

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

CH Group (High Yield Portfolio) reported second quarter earnings of $.33 versus $.26 in the same quarter of 2006.

EPS: 2006 $2.56, 2007 $2.70, 2008 $2.85; DVD: $2.16, YLD 4.4%

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

Verizon Corp (High Yield Portfolio) reported second quarter earnings of $.58 in line with expectations and versus $.45 in last year’s second quarter.

EPS: 2006 $2.54, 2007 $2.35, 2008 $2.65; DVD: $1.62, YLD 3.8%

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

Medivation (10 Bagger) announced treatment of its first patient for Huntington’s Disease using Dimebon.

http://www.marketwatch.com/news/story/story.aspx?guid={5B0BD72B-36C1-424C-B7F8-5D0E14169252}&siteid=nbs&symb=

Market Analysis

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