Friday, May 2, 2008

Hang on a Minute...

Visa and Mastercard are finally rolling over as investors are cashing in some really nice short term profits. I don't know the exact numbers, but don't need to. This is a secular growth story. They do face broad risks from a slowing economy, but people are using plastic for more everyday purchases than they ever have, and international business is doing well also.

I still think the weak dollar stock will be in play as they have the wind at their backs due to international strength. Steel stocks, such as Vale and Arcellor Mittal will continue to do well.

Its hard to put a lot of faith in new economic data based on how they are interpreting inflation.

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