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March 4, 2009
Sign of the Times
Charles Gasparino, another astute CNBC commentator, offers a telling stock tip.
While I don’t usually make stock recommendations, and I’m certainly not recommending this one, it’s worth noting that one of the hottest stocks amid the economic misery we’ve been experiencing goes under the symbol SWHC, or gun maker Smith & Wesson Holdings Corp. It’s up around 70 percent, and at least in my mind, this isn’t the flight-to-quality the markets need.
Is it any wonder that this information concludes Gasparino's article why the Wall Street types, so enmeshed in the Obama aura during the campaign, have fallen to cold, hard ground as they suffer the consequences of their besotted choice?
hat tip: Richard A. Baehr