Press Esc to close

Welcome to Money Morning - Only the News You Can Profit From.

Close

We'll Tell You When It's Time to Tap Tesla

A week ago today, in a strategy story aimed at helping you survive and thrive in today’s whipsaw markets, Chief Investment Strategist Keith Fitz-Gerald told us to put Tesla Motors Inc. (Nasdaq: TSLA) on our “watch lists” for a likely future purchase.

“BP, Tesla is a definite ‘shopping list’ stock,” Keith told me back then. “We’ve been nibbling at it here, and have played it successfully several times. But it’s not yet at the point where I’m ready to jump all the way in. I think my rationale behind Tesla remains upbeat. I mean, you’ve got a real winning combination here – a disruptive sales model, a CEO who’s the most innovative guy on the planet, all the capital in the world that can be brought to bear. I don’t give a rat’s [tail] that New Jersey won’t let the company sell its cars there. There are much bigger opportunities. Wait ’til you see what the company does with China.”

  • Featured Story

    The 9 Biggest Sequestration Lies

    Fingers Crossed

    Though we've come to expect no better from our leaders in Washington, the sequestration lies rank among the most blatant whoppers ever to come out of the nation's capital.

    Sequestration, of course, is the $85 billion in across-the-board spending cuts scheduled to go into effect at midnight Friday.

    Instead of working together to come up with an alternative to replace the sequester, Republicans and Democrats have spent the past several weeks playing a maddening game of political chicken.

    Both parties were counting on the fear of sequestration to force the other to cave before it happened.

    Toward that end, leaders of both sides have tried to sway public opinion with exaggerations, obfuscations and outright lies.

    Yes, business as usual in Washington, but an affront to U.S. citizens nonetheless.

    Here are some of the biggest sequestration lies.

    To continue reading, please click here...

    Read More...
  • spending cuts proposed by obama

  • The Sequester: What the President Should Do – But Won't We have just hours before $85B in across-the-board spending cuts - known as "the sequester" - is set to kick in. Already Team Obama has raised a media ruckus of dire consequences if Congress doesn't avoid it. Here's the real deal - what Obama should do about the sequester (but won't). Read More...
  • The Sequestration Follies: How Washington Outsmarted Itself Capitol-building

    It seems every politician in Washington is up in arms over sequestration, the devastating automatic budget cuts on track to take effect March 1.

    For weeks, lawmakers on both sides have been calling sequestration a "bad idea" and criticizing any proposals put forth by the opposing party.

    Politicians aren't happy that sequestration not only would cut billions of dollars in federal spending, it would also slash the budget indiscriminately with across-the-board cuts.

    Just today (Tuesday), President Barack Obama urged Congress to delay sequestration for the rest of the year or risk damaging the U.S. economy.

    "It won't help the economy. It won't create jobs. It will visit hardship on a whole lot of people," President Obama said. "If Congress allows this meat-cleaver approach to take place, it will jeopardize our military readiness; it will eviscerate job-creating investments in education and energy and medical research."

    Listening to all the rhetoric, Americans with short memories might believe that those in Washington only have the best interests of the country at heart.

    But the rest of us remember how this whole sequestration fiasco really happened. It was their idea - Republicans and Democrats, the White House and Congress. All guilty.

    "The idea was that no sane person would allow such cuts to happen," Bob Schieffer, host of CBS News' "Face the Nation," said on that show Sunday. "Well, guess what. Even Washington managed to underestimate its own ineptitude."

    To continue reading, please click here...

    Read More...