Two Ways: Obama's Economic Half Measures?
Strengthen your portfolio in good times and bad.
Despite the recent talk of "green shoots" popping up in economies around the world, one high-profile name warns the US still faces a lost decade similar to Japan in the 1990s.
According to a story by Reuters, Paul Krugman is accusing the Obama administration of performing "half measures" that will only contribute to more economic decline. In a speech in Beijing, the Nobel Prize-winning economist said the recent stress test results may have bought the US some time, but that actions being taken are insufficient if banks are to begin to show true growth.
Krugman expects little to no employment growth this year -- or in 2010 -- and thinks a second stimulus package is becoming "clearly urgent."
Get Toddo's thoughts in Randoms: Taxing the System.
From the Bull Pen: Keep watching how the market handles bad news for any hints of demand. Toddo identified IBM (IBM) as being resilient in a heavy tape. Those bullish can set a sell stop below recent lows (near $99).
From the Bear Cave: The Q's (QQQQ) found support at 20 DMA ($33.70) today. But keep an eye on this stock. Vehicle of choice can be the Ultrashort Q's (QID).
Hope you had a great Monday. Have a great night.
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