5/30/08

Economics

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

http://online.wsj.com/article/SB121184454327221281.html?mod=opinion_main_review_and_outlooks

And:

http://online.wsj.com/article/SB121201723656327625.html?mod=opinion_main_commentaries\n

And finally, an opinion from Charles Krauthammer (one of my favorites):

http://www.washingtonpost.com/wp-dyn/content/article/2008/05/29/AR2008052903266.html?sub=AR

A different view of oil prices:

http://www.american.com/archive/2008/may-05-08/will-oil-really-hit-200-a-barrel

Maybe its just the rise in margin requirements:

http://bigpicture.typepad.com/comments/2008/05/nymex-raises-ma.html

More on the new home sales data released earlier this week:

http://bigpicture.typepad.com/comments/2008/05/not-so-fast-on.html

Politics

Domestic

International War Against Radical Islam

Obama on Iraq:

http://www.powerlineblog.com/archives2/2008/05/020624.php

And:

http://michellemalkin.com/2008/05/29/spc-kate-norley-speaks-truth-to-obama-sens-lieberman-and-graham-step-down-from-vets-for-freedom/

The Market

Technical

Fundamental

Subscriber Alert

The stock price of Dow Chemical (DOW-$41) has declined below the upper boundary of its Buy Value Range. Accordingly, DOW is being Added to the High Yield Buy List. The High Yield Portfolio will not Buy shares of this now at this time.

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

The stock prices of Staples (SPLS-$23) and Medtronic (MDT-$51) have traded above the upper boundary of their respective Buy Value Ranges. Therefore, they are being Removed from the Aggressive Growth Buy List. The Aggressive Growth Portfolio will continue to Hold these stocks.

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

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

The stock price of Mastercard (MA-$309) has risen into its Sell Half Range. Accordingly, at the Market open this morning, the Aggressive Growth Portfolio will Sell sufficient shares to bring its position in MA to 3% of the Aggressive Growth Portfolio.

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

CNBC Million Dollar Portfolio Challenge

Portfolio 1 (86.9%): Sold: Colgate Palmolive

Bought: McDonald’s

Positions: Automatic Data Products, McDonalds, CR Bard, T Rowe Price

Portfolio 2 (86.5%) : Sold: XTO Energy

Bought: Ecolabs

Positions: Blackrock, Ecolabs, Nokia, Luxottica

Portfolio 3 (93.7%): Sold: Genuine Parts, XTO Energy

Bought: 3M, Clorox

Positions: Best Buy, 3M, Clorox, Landstar

Portfolio 4 (79.1%): Sold: Genuine Parts

Bought: State Street

Positions: Home Depot, State Street, Landstar, Nokia

News on Stocks in Our Portfolios

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