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And a Happy 2nd anniversary of the credit crunch to you too!
Who does not like to celebrate a birthday with a gift well thought? The tradition of giving out gifts on a special anniversary dates from the Middle Ages and is probably rooted in the underlying belief that certain links Fortunately, bringing distinct substances with a number of years.
In medieval Europe as the 25th anniversary stage only and 50th were celebrated. To mark the occasion of the Silver or 25th wedding anniversary, a husband his wife with a crown silver crown. On their blessed gold or 50th wedding anniversary, he has graciously given her a golden crown.
While no one is, as far as I know, married to Wall Street It is important to note that the second anniversary of the credit crunch arrived. What to give the investor penny stock that has survived the last two years? The traditional gift for second anniversary is cotton … You Are more modern, you can look at China.
In light of initiatives fiscal and monetary policy which increased the top, it is interesting reading to reflect on how the U.S. landscape economic change since the beginning of the crisis.
Here are some quick statistics to warm your heart. The federal fund rate on reserves was down 5.25% to zero, the budget deficit is up 2% to 13%, mortgage rates are down 6.5% to 4.7% and Fed's balance sheet was up $ 850 billion to 2 billion.
Despite this, GDP growth is negative by about 5% and the unemployment rate has doubled to almost 10% over the last two years.
In an article I read, David Rosenberg, chief economist and strategist at Gluskin Sheff & Associates, noted that only politics is virtually unchanged from two years … the U.S. dollar.
"It is the tool only policy that has not budged one iota since the crisis erupted two years ago. But we are confident that the unemployment rate is making new highs and poses a growing political obstacle in a year's midterm elections, it would be perfectly logical for a country that always works at its best interest – even if it can not be in the best interest of all – to punish a U.S. dollar devaluation as a means to stimulate the economy national, "he said.
Rosenberg, it seems, believes that the U.S. dollar has potential to lower important; suggesting that investors should consider protecting their portfolios against a falling dollar by taking positions in commodities, gold, Canadian dollar stocks resources, and sectors of the United States who have a large foreign exposure.
Some penny stocks are an excellent trading under radar that could, given the current economic climate, beautiful and good in your portfolio.
Apollo Gold Corp. (AGT – AMEX) is engaged in exploration and production of gold and byproduct metals in the United States, Canada and Mexico. The company owns the mine Black Fox (Canada), the project Huizopa (Mexico) and is a 50/50 joint venture partner and operator of the Montana Tunnels Mine (USA).
In recent months, AGT has made great progress at its Black Fox project and schedule and budget. In addition, the first gold bar at the mine have been paid in the last week of May
On July 22, AGT has announced plans for a second phase of core drilling to follow up results positive drilling program of diamond drilling in 2008 on its Grey Fox property. The company plans to launch the Grey Fox drilling project in early August 2009. It provides the core drilling program will continue in 2010.
Richard Nanna, Vice-President Exploration and said, "We have had great success in our 2008 drilling program to identify new gold zones at Grey Fox. We have many exciting exploration of complete and we are eager to begin. "
Have your heart set on a 2nd anniversary penny stock that is specific to cotton? West 49 Inc. (WXX – TSX) is a sport Action largest retailer of moderately priced brand and private label clothing, shoes and accessories. The objectives of the company clients ages 10-18 focusing on skateboarding, snowboarding and surfing.
Think the retail sector is dead now? Think again. According to a 2008 study by the Harrison Group, 61% of teens surveyed agreed with the statement "I go shopping. "The U.S. Census Bureau says there are 25.3 million teens aged 13-18 with an average annual income of $ 2,634 (allowance, gifts and work part time) plus $ 5,496 of their parents' money. That $ 216.3 million in spending power teen.
On June 11, WXX its financial results for the first quarter of fiscal 2010 ended May 2, 2009. Net sales increased 4.9% year over year to 40.8 million dollars, the company's net (loss) reduces to (2.6 million), or (0.04) per share, against (4.2 million), or ($ 0.07) per share, for the first quarter of last year.
"Despite the difficult economy, we have improved our margins while increasing both our sales and comparable store sales in the first quarter, "said Sam Baio, Chief Executive Officer." The strategies we have been implementing in recent quarters are beginning to bear fruit during the first quarter of fiscal 2010. "
Of course some investors penny stock would be happy to celebrate the 2nd anniversary of the credit crisis (and drag down to the recession) with a plateau in Royal Doulton china wearing a cotton plant gold plated.
I on the other hand, had said earlier acquired generous donation and skip outside the margin for fundamentally sound companies penny stock is expected to grow in the long term once the economy bounces.
About the Author
John Whitefoot is a seasoned penny stock investor with a keen interest in international business and current affairs. John Whitefoot is Sr. Editor at http://www.pennystocks.com and is devoted to uncovering the news, trends, and ideas that affect penny stocks on a daily basis.
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