The talk of Recession has been mentioned many times on the financial talk shows and whispered lots round wall street. Some analyst even have even went out on a limb and said that there would be a 50% chance of a recession.
Well let me tell you, with some of the recent news I am CONFIDENT that the bears will run the table and that there is more than a 90% chance of recession in the upcoming year. I think that lots of people in Washington and the old timers on Wall Street know this and are probably investing for it.
Lets think about the recent factors
1) Wheat shoots over $10 a bushel based on recent news from the UN that global warming + drought + population explosions + natural disasters + corn being used as gas = ONGOING STRAIN ON AN ALREADY LOW FOOD SUPPLY
2) RETAIL FIGURES WORST IN 6 YEARS. Sales in stores are scaring retailers. Women's clothing is not in the top five gifts for the first time ever.
3) HOUSING MARKET NOT FIXED YET. Their are plenty of sub prime mortgages that will be coming to term next year. This will affect financials and housing.
Its time to invest for with a recession. I will be analyzing my portfolio to make sure and take advantage of this. What immediately comes to mind is durable goods, discount retailers, and commodities.
Tuesday, December 18, 2007
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