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Sheldon Liber Return Risk +1.89% MID Tracked Blogger Profile & Performance Subscribe to author

Symbol Sentiment Start Return Closed RTN 10/13/08 +7.16% 12/16/08 PG 10/13/08 -8.14% 10/09/09 MRK 10/13/08 +15.27% 10/09/09 JNJ 10/13/08 -1.08% 11/18/08 GE 10/13/08 -25.34% 11/25/08 WFC 10/13/08 -12.84% 12/02/08 Via BloggingStocks:   Filed under: Major movement, International markets, Rants and raves, General Electric (GE), Market matters, Johnson and Johnson (JNJ), Procter and Gamble (PG), Merck and Co (MRK), Wells Fargo (WFC), DJIA, Stocks to Buy, Raytheon Company (RTN), Recession We have finally reached a point where all denial is gone and we are ready to admit the error of our ways. Sure, there were plenty of folks ringing the alarm bells years ago, but universal acceptance of the fundamental economic calamity that faces us from every corner of the world, and every person with two cents to rub together, has just now taken hold. I wrote quite some time ago that the turning point in the economy cannot come about until President Bush admits there is a problem and that he will be the last person to do so. While I do not have a high opinion of President Bush, the facts speak for themselves as I wrote one year ago. See Is Bush giving the country away without knowing it? The storm is not over but we are coming to grips with it at very great expense. Admitting our errors is only the start; now we will have to spend years fixing problems and making many compromises. Unfortunately many people may lose their homes, jobs or both before we see significant growth. Continue reading Fog clearing - maybe. Clear skies - no! GE, JNJ, MRK, PG, RTN, WFC Permalink | Email this | Comments   Read the rest of original post »

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