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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.”

  • U.S. Economy

  • Fed Says Economy Picks Up But Keeps Lid on Interest Rates The Federal Reserve Open Market Committee (FOMC) today (Wednesday) said that the economy has improved, but kept the benchmark interest rate target at all-time lows, indicating that it is determined to nurture a budding economic recovery by providing liquidity to the financial sector. Economic activity is "picking up," the Fed statement said. The statement was […] Read More...
  • Government Looks to Extend Jobless Payments as Unemployment Soars With unemployment expected to remain at its highest level in decades for at least another year, the government is considering another extension of jobless benefits to help the unemployed. The House of Representatives will vote next Wednesday on a new measure that would extend jobless benefits for an additional seven weeks nationwide and for 13 […] Read More...
  • Gold Prices Soar to 18-Month High on Dollar Weakness, Inflation Fears Gold bugs pushed the gold prices to an18-month high today (Wednesday), as rattled investors focused on renewed weakness in the U.S. dollar and the looming potential for runaway inflation. Those factors combined to push gold as high as $1,023.30 an ounce, the loftiest level since late March 2008. The case for inflation was bolstered by […] Read More...
  • Buy, Sell or Hold: The SPDR Gold Trust ETF (NYSE: GLD) Continues to Offer Investors a Hedge Against Inflation The just-concluded Group 20 (G20) meeting left us with a chorus of very "prudent" governments and central bankers singing the praises of easy monetary and fiscal conditions. So where can we take refuge when all the central banks in the world print money and governments run deficits in order to spend like drunken sailors? The […] Read More...
  • Money Morning’s Bank Stress Test Says These Three Banks Are the Strongest Why wait for the U.S. Treasury Department's bank stress test when Money Morning can highlight the four secrets that will let you separate the winners from the losers in the U.S. banking system?

    Call it the "Money Morning Bank Stress Test."

    Back in February, I looked at the Top 12 U.S. banks, to determine whether it was really necessary - as U.S. Treasury Secretary Timothy Geithner was proposing at the time - to devote the enormous sum of $1.5 trillion of our money to bail them out. I came to the conclusion that such a huge bailout was unnecessary, and that only a few of the Top 12 banks seemed in any danger of collapse. Fortunately, policymakers and the market have now come to agree with me. Read More...
  • U.S. Economy Shrinks 3.8% in 4Q, and Stats Show Worst Isn’t Over By Mike Caggeso Associate Editor Money Morning The U.S. economy shrank 3.8% – less than forecast – but still the biggest gross domestic product (GDP) slide since 1982. For 2008, GDP rose 1.3%, the slowest pace since 2001's 0.8% growth. Most of the grim indicators of the third quarter – during which the economy shrank […] Read More...
  • Obama and McCain Shift Focus to U.S. Economy By Jason SimpkinsAssociate Editor Now that presidential hopeful Barack Obama has returned from a tour of the Middle East and Europe, he and his Republican rival, John McCain, are squaring off on the status of the U.S. economy, which has become the most pervasive domestic issue in the 2008 campaign. Obama met with a panel […] Read More...
  • Turbulent Credit Markets and Inflation Undermine Attempts by Paulson and Bernanke to Bolster Investor Confidence By Jason SimpkinsAssociate Editor Both U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben S. Bernanke were called to the carpet yesterday (Tuesday) to explain to Congress how continued turbulence in U.S. credit markets will affect the economy in coming months. Both ended up backtracking on previous statements, as their ill-conceived cures for the […] Read More...
  • Economy Enters Dangerous Waters as Job Losses Mount in June By Jason Simpkins Associate Editor Payrolls tumbled for the sixth consecutive month in June, bringing the total number of job losses in the first half of the year to 438,000. Such a steep drop in employment could easily cause consumer spending to falter in the months ahead and drag the economy into a recession. After […] Read More...
  • Home Foreclosures Continue to Soar Delaying U.S. Economic Recovery By Jennifer YousfiManaging Editor There's more bad news ahead for the U.S. economy as home foreclosures continue to rise. One out of every 483 U.S. households is at some stage of the foreclosure process, and with that many displaced or struggling homeowners, the economic recovery may well take longer than expected. "May was the third […] Read More...
  • Warehouse Sales Growth Not a Good Sign for the U.S. Economy By Jennifer Yousfi Managing Editor April was a strong month for retail sales, with Thomson Reuters data showing 68% of stores reported better-than-expected same-store sales. It was the best showing for the retail industry since November, but don't be quick to assume that means the sluggish U.S. economy is on the mend. Stores got a […] Read More...