11/12/07

Economics

Why supply side economics work:

http://www.opinionjournal.com/extra/?id=110010844

a rising tax and regulatory burden (Government has never proven that it could solve economic problems efficiently or satisfactorily.) Trying to regulate our way out of the sub prime mess:

http://www.tcsdaily.com/article.aspx?id=110807B

Politics

Domestic

International War Against Radical Islam

The Market

Technical

Fundamental

Below is the pre-Buy List list. As you peruse it, you will see among the names (1) stocks our Portfolios already own and (2) stocks out of which we have been Stopped, but with a new Value Range. As I stated in The Closing Bell, this is a work in progress; so if stocks in general continue down (1) new names will likely be Added, (2) some of these stocks may fall below the lower boundary of their Buy Value Range and be Removed from off the list or (3) the Market could explode upward this morning and I will be scrambling to get money to work. Finally, this list does not include stocks that are already on our Buy Lists.

Below is the list of candidates that I am watching, listed by Portfolio.

Dividend Growth Portfolio potential Buy candidates:

Stock Buy Value Range

Commerce Bancshares $44-48

Merrill Lynch 50-55

Wells Fargo 30-33

Eli Lilly 49-54

Graco 37-41

Canadian Nat’l RR 48-53

Marathon Oil 56-62

UPS 66-73

High Yield Portfolio potential Buy candidates:

Stock Buy Value Range

AJ Gallagher $23-26

US Bancorp 29-32

Plains All American LP 51-56

Aggressive Growth Portfolio potential Buy candidates:

Stock Buy Value Range

Abercrombie & Fitch $71-78

American Eagle Outfitters 21-23

Best Buy 45-50

Harley Davidson 44-49

Nordstrom 32-35

Ross Stores 23-25

Accenture 35-39

Fastenal 38-42

MSC Industrial Direct 45-50

Forward Air 28-31

Franklin Electric 39-43

Landstar 41-45

News on Stocks in Our Portfolios

More Cash in Investors’ Hands

HNI Corp is buying back $200 million in stock.