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  1. Infrastructure Stocks Rise on Obama Plan • November 26, 2008

    “Men must follow a dream no matter what. If fortune does not favor the old, it is, perhaps, because they can no longer believe in those chimeras…which the young go for helter-skelter, so sure of being able to reach them that obstacles fall under their unheeding feet, before their existence has been suspected.” – Henri de [...]

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  2. The Man Who Got Rich in the Great Depression • November 21, 2008

    “At any moment, there are things ending, waves of popular excitement subsiding, men moving into the twilight of their careers; and there are also things beginning, future events being quietly prepared for, men and women walking about unknown whose names will soon be on everybody’s lips.” – Frederick Lewis Allen, Since Yesterday: The 1930s in America “History [...]

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  3. Forced Selling Wallops Market, Shrinks Funds • November 20, 2008

    Dear Capital & Crisis Reader, Yesterday was another wild day in the markets. In this e-mail, I want to share with you some notes on just how much selling is going on. The latest regulatory filings show some absolutely jaw-dropping numbers. As you may know, there is massive forced selling on Wall Street as hedge funds and [...]

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  4. Sell Lundin Mining (LMC) • November 18, 2008

    “Fish see the bait, but not the hook. Men see the profit, but not the peril.” – Chinese proverb Updates: LMC Dear Capital & Crisis Reader, Last week I wrote a short bit about Lundin after its earnings report. I spent a lot more time on it since. I think the turn of events at Lundin is absolutely astonishing. [...]

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  5. Memories of the Great Depression… Plus 7 Updates! • November 14, 2008

    Updates: APL, BAM, BIP, HTX, LMC, TWF-UN, TNP Dear Capital & Crisis Reader, This market is freakin’ brutal, despite one-day epic rallies. The economy is shrinking painfully and quickly. It recalls the 1930s. I’ve been reading through some of the experiences of investors and traders during the Great Depression. The review of Keynes in the last issue was [...]

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  6. Good news on HTX! • November 12, 2008

    Updates: HTX Dear Capital & Crisis Reader, Hutchison Telecom (HTX:nyse) declared it would pay a special dividend of $13.55 per share! You’ll get this payment on December 2 as long as you own shares by November 25. We paid $22.42 for our shares. That means that after we pocket our $13.55, our cost basis will drop, effectively, [...]

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  7. Your Next Issue & Buy Recommendations • November 7, 2008

    (Please note this alert was originally sent along with the 2008 December Issue) The Dow Jones industrial average has lost almost 1,000 points in the last two days. The economy continues to sink in the bog of recession. It’s not pretty out there, but we have some bright spots in our portfolio. Some of our companies [...]

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  8. Good Results From APL • November 5, 2008

    Dear Capital & Crisis Reader, We got a very good report from Atlas Pipeline Partners (APL:nyse) this morning. Volumes were up 13% quarter over quarter. Distributable cash flow increased 24%. I just got off the conference call, and I thought I’d share my thoughts. The company rebutted the Citi analyst’s concern about violating debt covenants. (Remember, a [...]

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  9. The Crisis of American Capitalism: Plus One "Hidden" Blue Chip Bargain to Buy Now • November 1, 2008

    The bell of American finance has cracked. It was a long time coming, as I’ll show you. The biggest change in the American economy in the last generation or so has been the rise of finance at the expense of making things. This seemed to work for a while, but like a boxer who has [...]

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