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Wednesday's "Earnings Beat" Makes This The Perfect "Bad-Market" Tech Stock

In last week’s Private Briefing report Our Experts Show You the Stocks to Pick in a ‘Stock-Picker’s Market’,” Money Map Press Chief Investment Strategist Keith Fitz-Gerald identified SanDisk Corp.(NasdaqGS: SNDK) as one of three stocks to buy in the face of the stock market sell-off.

And now we see why…

  • Featured Story

    Recession 2013: The Signs Don't Look Good

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    The government keeps telling us that the economy has turned a corner, that growth is picking up, that people are going back to work, that consumers are more optimistic. But we've got cold, hard numbers that tell an entirely different story...
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  • Recession 2013

  • Stock Market Crash 2013: Four Factors Investors Need to Watch Illustration of a graph where the figures suddenly fall through It's bad enough when one storm cloud appears on the horizon to threaten the stock market - much less four all at once. But forewarned is forearmed. Here's what investors need to prepare for...
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  • Why Recession 2013 Has Already Begun and What to Do About It Chart down small

    Pay no attention to the new market highs or the cheerleading of government officials - recession 2013 is already here.

    That's what Lakshman Achuthan, co-founder and chief operations officer for the Economic Cycle Research Institute (ECRI), is saying now.

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  • How to Prepare for Recession 2013 kfgonfox_02222013

    Restoration of the payroll tax and higher gas prices have put the squeeze on consumers, prompting nearly half of Americans to cut spending.

    Is the combination of higher taxes and higher gas prices enough to bring on a recession in 2013?

    Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared Friday on FOX Business Network's "Varney & Co." to talk about the potential for an economic slowdown.

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  • Recession 2013: Can We Avoid It?

    The U.S. economy is currently two-for-two in its attempts to skirt recession 2013.

    The first came after we narrowly avoided a tumble over the fiscal cliff with a down-to-the-wire deal on New Year's Day. The second came Wednesday with the passage of a three-month extension on raising the debt ceiling.

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  • Why Recession 2013 Could Hit Regardless of Fiscal Cliff Deal Stalled fiscal cliff negotiations have fueled concerns the U.S. could face a recession in 2013 if the country fails to avert the cliff.

    But recession 2013 may be on the way regardless of what happens with the fiscal cliff talks.

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  • How to Prepare for Recession 2013 U.S. President Barack Obama recently met with congressional leaders in attempts to carve out a way to avoid falling off the quickly approaching fiscal cliff.

    If no deal is reached, President Obama and scores of economists warn, the U.S. is destined to plummet into a recession in 2013.

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  • Prepare for the "Alarmingly High" Threat of Recession 2013 The International Monetary Fund (IMF) delivered a dismal report Tuesday that basically said to get a survival strategy ready now because Recession 2013 is on its way.

    In its latest "World Economic Outlook " presented in Tokyo, a kick-off to the IMF World Bank 2012 Annual Meeting, the agency cuts its forecast for overall global growth to 3.3% for the remainder of this year. It said growth in 2013 would remain lethargic at 3.6%. These estimates were down from July's forecast of 3.5% and 3.9%, respectively.

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  • This Pattern Joins the Mounting Evidence for Recession 2013 Don't worry about scanning headlines every day to determine the U.S. economy's chances of entering a recession in 2013.

    We already know the answer.

    Such indicators as gross domestic product (GDP), consumer spending, durable goods and exports all point to an economy not in a slow recovery, but on the verge of a 2013 recession.

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  • Recession 2013 Doesn't Have to Kill Your Profits

    With 2013 just a few months away and the U.S. on the brink of recession, now's the perfect time to prepare your portfolio with recession-proof stocks.

    One way to determine how to profit during Recession 2013 is to check out what has outperformed over the past five years. During that period, the United States and other nations entered into and emerged from The Great Recession.

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  • Recession 2013 Is On the Way; Here's What Jim Rogers is Doing If legendary investor Jim Rogers is right, not only is Recession 2013 unavoidable, it's going to be a doozy.

    In recent interviews, Rogers has been predicting a 2013 recession, bowled over by a potential blowout in Europe and unsustainable spending by the U.S. government.

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  • Recession 2013 Looks More Likely After Weak Jobs Report Every politician promises "more jobs" for the American people. This has been the foundation of virtually every speech at the conventions for both parties.

    But what we really need are "more quality jobs" - especially if we want to steer the country away from Recession 2013.

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  • Does Weakening Eurozone Mean Recession 2013 for U.S.? The Eurozone economy contracted in the second quarter, increasing fears that "Recession 2013" for the U.S. is a step closer to reality.

    From April to June, gross domestic product (GDP) in the ailing Eurozone region withered 0.2%.
    That compares to the prior three months where there was no growth as the area was besieged by the ailing economies of Greece, Italy, Spain and Finland, which all sharply contracted.

    "[The contraction] confirmed that the Eurozone is to all intents and purposes in recession, even if it has avoided the technical definition of two successive quarters of negative quarter-on-quarter GDP," Howard Archer, an economist at IHS Global Insight wrote in a note to clients.

    The only thing preventing the Eurozone from contracting more in the second quarter and falling back into its second recession in three years was a buoyant economic performance from Germany.

    Healthy investment and domestic consumption boosted the German economy and helped it grow 0.3% in the second quarter, topping expectations of 0.1%. The Netherlands also beat expectations, reporting growth of 0.2% for the quarter.

    Meanwhile, French GDP didn't budge, sidestepping a highly anticipated contraction.

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  • Recession 2013: Retail Sales Figures are the Latest Sign of a Slowing Economy For the third consecutive month, retail sales fell as demand waned for everything from cars and electronics to building material, another telling sign that the U.S. economy may be slipping back into a recession.

    The Commerce Department reported Monday that retail sales dipped 0.5% in June, much less than analysts' forecasts of a 0.2% rise. The decline marked the first time retail sales had fallen for three straight months since late 2008, near the height of the Great Recession.

    Most noticeable in the rash of declining sales was the 0.6% drop in motor vehicles and parts, an area that was widely expected to show an uptick.

    Also showing a sharp slump were receipts for electronics and appliances which fell 0.8%. Sales of building materials sagged 1.6%, and receipts at gasoline stations dried up some 1.8% even while gasoline price fell during the month.

    The report adds more fodder to the lingering hope that the Federal Reserve could launch another round of quantitative easing.

    The dismal commerce numbers also add to the recent wave of weak economic data.

    On Monday, the International Monetary Fund (IMF) cut is forecast for global economic growth and urged European policy makers to take more aggressive measures to curtail their crisis, while cautioning that China's economy is at risk for taking a hard fall.

    Meanwhile, Reuters reported a poll released on Monday that revealed American companies have tempered any plans to hire workers, while a growing number of firms believe the mess in Europe is hurting sales. The poll showed nearly half (47%) of companies polled believe their sales have suffered thanks to the Eurozone debt crisis.

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  • Recession 2013: Prepare Your Portfolio with These Rock-Solid Dividend Payers Successful investing is a bit like connecting the dots. Put enough of them together and they begin to form a picture.

    Unfortunately, today's dots are pointing towards a recession.

    With first-quarter GDP growth under 2% and a whole host of indicators moving in the wrong direction, it looks as though the U.S. economy has stalled.

    That leaves income investors like us faced with a very important question: how do we best protect our portfolios from the stock price declines and dividend cuts that a recession would bring?

    One simple answer is to invest in those countries that are not suffering recession. That opens up a world of possibilities.

    For instance, you might consider investing in Japan, which grew at over 4% in the first quarter. Orix Corporation (NYSE: IX) is a name I like.

    Or better yet you could invest in emerging markets where growth continues to sizzle.

    That makes stocks like the Aberdeen Chile Fund (NYSE: CH) a good buy-especially considering the fund offers a dividend yield over 10%. The fund is attractive to me for two reasons.

    First, it's because Chile is a well-run country, standing higher than the U.S. on several international business surveys. But more importantly, its dependence on copper and other commodities is not a problem unless the global economy as a whole goes into recession, which I don't expect.

    With assets in primarily Chilean securities, the fund also offers investors a nice measure of diversification from the U.S. economy, since they can expect Chile to keep on growing-- even if the U.S. economy takes a step backwards.

    But that doesn't mean you need to avoid the U.S. altogether, either.

    In fact, there is a key indicator I'll discuss in a moment which will allow you to preserve your income and the value of your investments through all but the deepest recessions.

    First though, you'll need to avoid a few pitfalls. As always, it's never just a matter of picking the stocks with the highest dividend yield. It's just not that simple.

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  • Central Banks Move to Prevent Recession 2013 With more investors and consumers concerned over the Recession 2013 threat, Europe and China today (Thursday) took action to motivate their sluggish economies and prevent a drastic global slowdown.

    It hasn't even been a week since a crucial European summit provided a blueprint for the 17-member Eurozone to pull out of its debt crisis. But already the rally that immediately followed has fizzled. At issue is how European leaders will work out the tricky details for a central banking authority and the expanded use of bailout funds.

    Now the European Central Bank (ECB) doesn't have much left in its arsenal to calm fears of a broad economic slowdown in the region. It used one of its last tools Thursday when it slashed its benchmark lending rate by 0.25 percentage points to 0.75%, the lowest level since 1999, when the euro was created.

    At this level, the ECB hopes that bankers be more willing to lend and also that investors will open their wallets wider.

    ECB President Mario Draghi noted in a press conference following the group's decision that the move was made independently of China's decision to cut rates.

    "There wasn't any co-ordination that went beyond the normal exchange of views on the state of the business cycle...economy...or global demand," said Draghi.

    Draghi stressed that the cut wasn't aimed to help an individual country, but to assist the entire struggling region.

    "We can genuinely say that this measure is addressed to the whole of the euro area, and not only to specific countries," he said.

    Reiterating that markets haven't felt the full effect of the ECB's recent moves to increase liquidity, Draghi also cautioned that the bank could only do so much. Draghi said the central bank couldn't do more than it already had to encourage people to borrow or invest.

    "Credit is now led predominantly by demand, and if demand is weak, you wouldn't expect string credit growth," Draghi added.

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