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Two Ways To Play: The Era of Big Government Isn't Over


Strengthen your portfolio in good times and bad.


Economic Drama Obama

Family incomes will fall, the unemployment rate could surpass 10% and the country risks losing a "generation of potential and promise" - unless the government takes immediate steps to revive the economy.

According to Bloomberg, President-Elect Obama will make remarks to this effect during a speech in Virginia this morning. Obama acknowledges his plan to shore up the economy will add to a deficit already projected to exceed $1 trillion, but maintains that "only government can provide the short-term boost necessary to lift us from a recession this deep and severe."

See Professor Kevin Depew's take in yesterday's Five Things You Need To Know: "Economists" Embrace Government Spending.

From the Bull Pen: Yesterday's action was a needed break for bulls. One can consider Wells Fargo (WFC) for a play. A sell stop can be set below $25.

From the Bear Cave: Consumer confidence has clearly been damaged. One can consider Allegiant Travel Company (ALGT). Is the stock headed to the $35 strike? A buy stop can be set near $42-$43.

Quick Check Around the World

Asian trading closed with the Hang Seng -3.81%, Nikkei -3.93%, Taiwan -5.30% and Shanghai -2.38%.

Glancing towards Europe, we see the CAC -1.86%, DAX -1.67%, FTSE -1.80%

As of 8:20 a.m. EST, S&P futures are trading -12 to 893.00, and Nasdaq futures are -10 to 1229.00.

A Look At Commodities

Crude oil
is trading -0.07 to 42.56. Gold is +3.00 to 844.70. Silver is -0.20 to 10.905, and copper is -4.85 to 146.30.

The dollar index is -0.270 to 82.8450.

On the Radar


08:30 Initial Jobless Claims
08:30 Continuing Claims
04:00 Consumer Credit

Click here for the full trading radar.

Good luck and have a great day!

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No positions in stocks mentioned.

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