Friday, August 28, 2009

The Shape of Economic Recovery

Some interesting research from Morgan Stanley, care of Barry Ritholz:

As much as I (and many others) have been touting the need for a pullback, this picture provides some evidence to the contrary (at least in the near-term).

How to play the coming pullback and subsequent range-bound trading? Look to income-producing investments. In this field, I like BIP, VNO, STHBX, and CHL, among others (I may have positions in any/all of the aforementioned securities).


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