8/20/07

Economics

a rising tax and regulatory burden (Government has never proven that it could solve economic problems efficiently or satisfactorily.)

http://www.tcsdaily.com/article.aspx?id=081507B

Politics

Domestic

International War Against Radical Islam

The Market

Technical

Fundamental

In case you missed this WSJ editorial Friday:

http://www.opinionjournal.com/editorial/feature.html?id=110010485

Some thoughts on current stock valuations:

http://www.nytimes.com/2007/08/15/business/15leonhardt.html?_r=1&oref=slogin

News on Stocks in Our Portfolios

Lowe’s (Aggressive Growth Portfolio) reported second quarter earnings per share of $.67 versus expectations of $61 and $60 reported in the comparable 2006 quarter.

EPS: 2006 $1.99, 2007 $2.00, 2008 $2.40; DVD: $.29 YLD 1.0%

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

More Cash in Investors’ Hands