In This Issue:
The Federal Bailout Is A Mixed Bag
Capitulation May Have Been Reached
Some Blue Chip Stocks Will Win Blue Ribbons
A Speculation Is Also Attractive
Gold Regains Its Appeal, But There Are Problems
An Economic Indicator That We Can Love
The Bottom Line This Week
our last newsletter on January 29, the stock market took a sharp turn for the worse.
In fact, calling it a "turn" is an understatement. "Plunge" would better
describe the 9.6% and 4.4% declines in the Dow and the Nasdaq. The slide left
the market at a 12 year low.
the plunge isn't due to another panic. At this point in the long bear market,
most investors are too tired to sprint for the exits. Instead, many of them are
dropping their gear and are simply walking off the field.