SEPTEMBER 05, 2008 - The Fed will not raise rates after today's employment report that showed unemployment rising to 6.1% - there will be a call for them to lower rates now. Would continue buying recommended banks and brokers. The July 15 lows of banking and consumer stocks will hold - commodity stocks will go lower but think natural gas has bottomed. It may be getting time to buy the semis (SOX) that hit a five year low today. Oil has not bottomed yet.
energy assets undervalued in growing Chilean economy
11.15
0.00%
11/16/05
next day close
11.55
+3.59%
12/09/05
hold stock - must weather worry over leftist candidates gaining traction in Latin America
11.38
+2.06%
05/15/08
Chilean growth utility is a conservative play on Chile's growing economy - power distribution demand has grown 5% annually for the last 6 years - hydroelectric power generation protects co from fuel scarcity - see a multi-year move as it expands capacity - has a 2.1% dividend yield & sells at 19x earnings (less than peers) - stock goes to the mid-20's without a lot of worry
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