3/27/08

Economics

More data on global warming (or the lack thereof):

http://network.nationalpost.com/np/blogs/fullcomment/archive/2008/03/24/lorne-gunter-perhaps-the-climate-change-models-are-wrong.aspx

Grading recent Fed policy:

http://www.american.com/archive/2008/march-03-08/grading-bernanke-a-symposium

The latest chart on credit spreads (a measure of fear and loathing):

http://bespokeinvest.typepad.com/bespoke/2008/03/credit-spreads.html

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

http://mjperry.blogspot.com/2008/03/america-celebrates-tax-freedom-day-on.html

Politics

Domestic

International War Against Radical Islam

The Market

Technical

Fundamental

Subscriber Alert

In line with our strategy to put cash reserves to work when stock prices decline (like yesterday), this morning at the Market open:

The Dividend Growth Portfolio will Buy an additional one fifth position in Chevron (CVX-$84).

The High Yield Portfolio will Buy an additional one tenth position in Kimco Realty (KIM-$39), one seventh position in British Petroleum (BP-$62) and one quarter position in RPM Int’l (RPM-$20).

The Aggressive Growth Portfolio will Buy an additional one seventh position in Alcon (ACL-$143) and one fifth position in Amphenol (APH-$37).

The stock price of Praxair (PX-$84) has risen above the upper boundary of its Buy Value Range. Accordingly, it is being Removed from the Dividend Growth Buy List. The Dividend Growth Portfolio will continue to Hold this stock.

Update on Watch Lists of Sale Candidates

Reminder: these lists are comprised of those stocks that our Portfolios own and that are trading (1) between the lower boundary of their Buy Value Range and their Stop Loss Price and (2) below at least two of the five technical markers that we have been monitoring (their August 2007 low, their November 2007 low, their January 2008 low, the trend in place prior to August 2007, the downtrend from their November/December 2007 trading high]

Dividend Growth Portfolio: Clorox, United Technologies

High Yield Portfolio: Buckeye Pipeline, Magellan Midstream Ptrs, Oneok Ptrs

Aggressive Growth Portfolio: none

News on Stocks in Our Portfolios

Positive news of ParkerVision (10 Bagger):

http://www.marketwatch.com/News/Story/Story.aspx?guid={2F30EE37-CDDE-431C-BE0C-DBD94C248190}&siteid=nbs

For those of you who don’t own PRKR and can accept the risk associated with a 10 Bagger, the stock is in its Buy Value Range.

Proctor & Gamble (Dividend Growth Portfolio) is buying Frederic Fekkai & Co. a luxury hair care company.

A positive write up on Reliance Steel (Aggressive Growth Portfolio):

http://www.thestreet.com/p/_htmlrmm/rmoney/industrials/10409321.html

A negative article on Mastercard (Aggressive Growth Portfolio):

http://seekingalpha.com/article/70174-visa-mastercard-risk-ramped-up-competition

More Cash in Investors’ Hands