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.
most exciting part of GE's business last qtr was its wind power unit - alternative energy has bright future with expected high oil prices continuing - Zolt makes carbon fibres used to reinforce windmill blades - no competition - has a virtual 100% monopoly - current production sold out thru 2007 - company expanding capacity signifcantly to meet incremental demand - cheap - sells at only 10.5x estimated EPS in 2007 - and no one knows about it!
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