I'm currently writing the October issue of Blue Chip Growth. I'm very excited for this new issue. I'm planning to have four new buys this issue, including--believe it or not--one financial stock! Here's a sneak preview of the October issue:
Like I said at the very beginning of this issue, a winning strategy doesn't amount to beans if you don't have the confidence to stick with it. I've shown you for weeks how fundamentally strong our Buy List is, and anytime you visit PortfolioGrader Pro you can see for yourself that our Buy List is full of the best stocks on the Street. Unfortunately, jittery investors haven't had the confidence to throw their money behind any stocks--even the obvious winners in our portfolio.
That all changed when the Treasury Department put both Freddie Mac and Fannie Mae into conservatorship. Wall Street no longer has to sit around and wonder about a worst-case scenario where the mortgage giants go belly-up and the market has to deal with the consequences. In one bold move, the federal government helped remove much of the uncertainty surrounding the credit crisis.
Both Freddie and Fannie will receive investments of up to $100 billion each to help shore up their mortgage insurance business. The plan also calls for the Treasury to purchase Fannie's and Freddie's mortgage-backed securities--the infamous items that started the credit crisis--on the open market. Everyone with their eyes on the companies' debts and the liquidity in the mortgage market can breathe a little easier.
This new investor confidence will pay off big-time for our Buy List because some investors were just too scared to buy our fundamentally superior stocks--despite our tremendous earnings reports last quarter. Timid traders looking for reasons not to invest had no trouble making excuses all summer long, and the mood of fear and uncertainty weighed on companies all across Wall Street. But now, the Treasury's buyout announcement has just erased many of those excuses.





