June 17, 2010
– Comments (1) |
RELATED TICKERS: BRK-B
My thoughts on the matter. I welcome all constructive/ informed feedback.
I read this by you:
The indicator in question is freight car loadings, which reflect the amount of goods transported over the railway system. According to David Rosenberg, chief economist at asset manager Gluskin Sheff, the latest data for the week of June 5 shows a rate of decline over the past 13 weeks that would work out to 25% on an annual basis. This is particularly troubling, since, as Rosenberg notes, " This metric is closely linked to the only [two] areas of the economy that have been major contributors to the recovery: Exports and inventories."
And then I read this link.
This is night to day.
As for your defensive stock picks, I can't really find fault aside with PFE. But I just don't like PFE's CEO. For the last ten years this stock keeps going lower and lower despite all the cash it generated.