The Great Depression

  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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March 27, 2012

Comments

Robert Takacs MD

In this overbought market there are very few bargains.
Earlier I recommended european utilities and telecoms which were at 52 week lows. As I predicted they are going up as they approach their annual dividend distributions. Check out VE and DTEGY. VE I have sold for a 45% gain in two months. I own DTEGY TEF and FTE. TEF and FTE are still cheap as they are farther from their ex div dates.
PGH and ERF are Canadian energy trusts trading near lows and pay monthly distributions like the natural gas trusts. Selling volume seems to be drying up on recent pullbacks and they have not gone up with the market. Also check out GDFZY,ECIFY and ENLAY all europe utilities at 52 week lows.

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