Those people betting on seeing the Obama Effect in infrastructure should tell me what they think of Boeing’s latest job cut announcement (read it here). Or is this a sign that the infrastructure pre-bubble has popped? Either way, it’s pretty sad and scary. Canada also just announced that the recession is going to be deeper and more protracted than planned.
People, just take it easy… let’s not let this spiral out of control through letting our emotions and fear get in the way. Use this time to buy up amazing but undervalued companies. Buy the basics of our society. Transportation, energy, materials, financials, etc. Basically all the things that have come crashing down. Whenever we get ahead again, we know we can’t get ahead without these companies.
So maybe this is a great time to buy Boeing.
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