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The
markets are continuing to find it easier to
fall than to climb. The biggest problem is Americans not being able to
work and a preliminary guesstimate for the jobless numbers due out
Friday has more Americans out of work and the private sector still not
hiring anywhere near the required number of new jobs needed to even
begin to lower the unemployment rate. If the U.S, economy is still in a
recovery, it is much weaker than previously hoped for and, at this
point, appears to be softening quickly. Some of it can be blamed on the
slower summer months and some can be blamed on the earnings reporting
season behind us, but the real blame is going to on a consumer that is
worried and confused and is trying to save money instead of spend it.
This is great for the longer term U.S, economy, but not too great for
the near term since consumer spending is responsible for 2/3 of the
gross national product (GDP) which we heard last week it has slowed to
about a 1.6% growth in this last quarter. Lower ground still looks
possible and the better bets are going to be in the smaller
caps.
Continue to use caution and stay with the small stocks for the better
bet!
more
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"Spotlight
Featured Stocks"
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Mineral
Hill Industries Ltd.
(MHI.V)
(52 week range 0.003 - 0.20)
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Jet
Gold Corp.
(JAU.V)
(52 week range 0.05 - 0.16)
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Advanced Micro Devices
(AMD)
(52 week range 1.75 - 7.33)
Can't stop climbing
BUY anything under $5.50
QUOTE
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Comtech Telecommunications
(CMTL)
(52
week range 19.56 - 50.55)
BUY anything under $35
QUOTE
as a current "Closer Look" for the "long term"!
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AVON
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Barbara Santos
Avon Independent
Sales Representative
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