Monday, March 9, 2009
The enviroment for growth
Drug makers Merck and Schering-Plough will combine, with Merck giving $41.1 billion in cash and stocks for Schering-Plough. I think we can expect to see alot more of buyouts and mergers over the next few months. The U.A.W. and Ford have agreed on a 2007 contract change with Ford putting in a pay freeze and benifit cuts. Out of the big three I think Ford is on its way to becoming a factor in auto industry again. Geron Corp. and Stemcell and other stemcell research companies were up in a big way today. All due to Obamas reversal of Bushs stemcell bill. Is it time to get back in the market again? For chart readers and followers, the charts are seeing 6400 as our bottom. If it's time to get back in maybe ETF's are the answer right now. You can own without the exposure. Similar to a mutual fund but can be traded daily. Some to look at are XLP invest in consumer staples like Procter and Gamble, Coke, and Pepsi or LSC elements and short commodities or TIP Barclays Tips, iShares and bonds. One last thing Rush Limbaugh like him or hate him all I know is the more people debate about him the more popular he gets. Today he was a point of discussion on Hardball. They were discussing about a article that was written about him in The New York Times. I figure if you don't like him don't make him more popular by writing about him. As of late he's been in about every paper around and I think he doesn't mind but I guess it doesn't matter to me either way.
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