by Alexander Green, Oxford Club Investment Director
The Oxford Portfolio Update – February 17, 2009 (Broadcast #846)
The Fed has taken short-term rates to zero. Congress has passed its $800 billion stimulus package. The Obama administration has announced new plans to shore up the banks.
Yet the stock market keeps declining anyway. Why?
- One reason is because investors are starting to realize that there is only so much Uncle Sam can do to move a $14 trillion economy.
- And secondly, there aren’t many major policy options left.
Moreover, it will take time for all these measures to filter through the economy. In other words, things are likely to get worse before they get better.
That’s why our Oxford Trading Portfolio is filled with companies that are not dependent on an economic recovery. As I write, 9 of our 11 holdings are profitable.
Here’s one poised to move substantially higher…
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Alexander Green is the Chief Investment Strategist of Investment U. A Wall Street veteran, he has more than 20 years of experience as a research analyst, investment advisor, financial writer and portfolio manager.
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