In 27 years of following the markets, I ve rarely seen such gloom hanging over Wall Street. Back then, the Fed was fighting to slow a runaway economic boom. Today, Mr. Greenspan is determined to prevent a recession. That simple distinction makes a world of difference for your investments. Tight money was bad for stocks a year ago.
Easy money is good for stocks today.
In this month s visit, I ll show you how to take full advantage of the new monetary climate. I ve got two more world-class tech names for you in this issue. Many folks assume that a rate-cutting Fed automatically spells glory days for Treasury bonds and utility shares. Sorry, but it often doesn t work that way. Per the Hotline, we closed out our last remaining utility stocks on January 2 for a big profit, and our zero coupon bonds the following week.