6/30/08

Economics

Mort Zuckerman points out the flaws in the housing (bail out) bill:

http://www.usnews.com/articles/opinion/mzuckerman/2008/06/27/fix-congress-housing-fix.html

The price of gasoline as a percentage of per capita disposable income--not as bad as you might think:

http://mjperry.blogspot.com/2008/06/record-high-gas-prices-were-not-even.html

Speculators and the price of onions--what it tells us about oil speculators:

http://mjperry.blogspot.com/2008/06/what-onions-teach-us-about-oil-prices.html

More on your tax dollars at work:

http://mjperry.blogspot.com/2008/06/opec-congress-40-hearings-160-witnesses.html

Politics

Domestic

Obama on gun control:

http://www.powerlineblog.com/archives2/2008/06/020846.php

McCain on immigration:

http://www.slate.com/id/2194221/#wheresfirst

International War Against Radical Islam

The Market

Technical

The technical outlook from Louise Yamada:

http://bigpicture.typepad.com/comments/2008/06/louise-yamada-d.html

The VIX still not at panic levels:

http://bigpicture.typepad.com/comments/2008/06/read-it-here--2.html

The price of oil and stock prices:

http://bespokeinvest.typepad.com/bespoke/2008/06/its-all-about-o.html

Fundamental

Subscriber Alert

The stock price of Fastenal (FAST-$45) has fallen below the upper boundary of its Buy Value Range. Accordingly, it is being Added to the Aggressive Growth Buy List. The Aggressive Growth Portfolio already owns a small position in this stock. It will not Buy share at this time but may in the future.

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

Visit www.strategic-stock-investments.com, learn about our dividend growth strategy, sign up and discover what we are buying/selling today.

Million Dollar Portfolio Challenge

Portfolio 1 (89.8): Sold: none

Bought: none

Positions: Automatic Data Products, Johnson Controls, WalMart, Canon

Portfolio 2 (89.4%): Sold: Mastercard, Ecolab

Bought: Chevron, XTO Energy

Positions: Franklin Resources, Chevron, SAP

XTO Energy

Portfolio 3 (92.6%): Sold: Mastercard, Sun Hydraulics

Bought: XTO Energy, SAP

Positions: XTO Energy, Smith Int’l. ConocoPhillips, SAP

Portfolio 4 (87.4%): Sold: Colgate Palmolive

Bought: Chevron

Positions: Suncor , Chevron, Peabody Energy, SAP

News on Stocks in Our Portfolios

A positive write up on Canadian National (Dividend Growth Portfolio):

http://www.zacks.com/blog/post_detail.html?t=13450

More Cash in Investors’ Hands