Varchild recommends "BUY" into today's fear
Consumer Spending is up along with Savings. Both are BULLISH signs for the economy.
Therefore... Do the smart thing and even if the Countdown till America's Economic Collapse leads to a passage of the bill in the House.... That bill still has to get threw the Senate.... And certainly those who vote in favor of it will have to explain themselves to voters next year.
Varchild Recommends "BUY" into any attempt by this market to plunge upon passage of the bill.
Question is... What should you buy?
1) (F) Ford.
I am bullish on FORD again after dumping that stock.... Why?
Cause the CAP and TRADE bill could be BULLISH for FORD. How?
There may be enough FEAR and PANIC regarding impact to Gas Prices and their Home Heating Bills to convince many car owners to trade in their vehicles for Mid-Size, Small-Sized Hybrids. Lincoln/Mercury is getting HUGE advertisement boost on WJR 760am Detroit, Michigan as well...
All of the factors to propel Ford's sales up seem to be taking shape quite well.
So... without futher ADO.... VARCHILD is jumping back into FORD today.... I hope I'm right:-)
Also... Varchild recommends STRONG BUY rating on whenever General Motors is back as a stock you can invest in.