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Two Ways To Play: Wishlist for 2009?


Strengthen your portfolio in good times and bad.

Who will be the winners of 2009? According to Bloomberg, the prospects include Cisco Systems (CSCO), General Electric (GE) and Emcor Group (EME) as President-elect Barack Obama seeks to revive the U.S. economy.

Obama might follow a page from President Dwight Eisenhower's playbook in the 1950's when industrial giants like U.S. Steel Corp (X) and Caterpillar (CAT) were called upon to build huge infrastructure projects.

But now, technology companies will be the focus. Not only may the new administration repair bridges and tunnels, but technology companies may be called upon to rewire classrooms and libraries for high-speed Internet service. Other projects might include improving efficiency at hospitals and spending on alternative energy.

The president-elect's team hasn't put a number on the package yet, but Economist James Galbraith, an adviser to the Democratic Party, sees one of more than $900 billion.

From the Bull Pen: Nice relative performance in Cisco as well as many other players in the tech space. Cisco bulls can remain long the stock, a sell stop can be set below $16.

From the Bear Cave: $900 billion in additional spending? One can expect the dollar to suffer as a result. The bearish dollar fund (UDN) is an option; sell stops can be set two points from entry.
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No positions in stocks mentioned.

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