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Bulls Smell Nothing Bad Yet


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INVEST AND FORGET

 

From 31 July 1930

 

 

"Axton Fisher, manufacturer of mentholated cigarettes under "Spud" brand, reports first half sales up 25%, earnings up 60%; stock yielding over 7%."

 

Yep just invest in tobacco stocks and forget everything else.

 

Now Axton Fisher were eventually taken over by the big MO

 

And in 2009 what is the dividend yeild of MO

 

7%!!!!!!!!!!!!

 

Its good to see that some things never change.

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DESTROYING THE CONSUMPTIONIST ECONOMY

 

Until america beats its bad credit habit and wins back all those manufacturing jobs it gave away to china, and stops the government borrowing binge- which is just delaying the inevitable adjustments - there is going to be no real recovery.

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