Double dip?

- Fed programs on incentives (housing and appliances) will decrease retail numbers
- European problems
- Upside down mortgages people can't walk away (Fannie and Freddie punishing people)
- Baltic Dry Index off its high. 2547 today. Good interm leading indicator.
- Probably new highs on the unemployment rate.
- K Fine is bullish on retailers (best buy). Other guest is not as Bed Bath and Beyond was off and Nike was off.

-TU (Telus; 5% div yield)
- Defensive: PM (5%) div yield, VZ (7% div yield), TOT (6.5% div yield),
- FD, TOL, Loews,
- ADBE might have been oversold
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