Monday, October 19, 2009

Industrial stocks are up 27% in the last three months. Some of the big industrial companies that are making more and more money now are General Electric, Technologies, Caterpillar, and Honeywell. Since the economic disarray that started in 2008, companies have been liquidating their inventories at a rapid rate. In the article it says that the U.S. needs to export more and import less. A weaker dollar is said to benefit this idea. Gary Wolfer a chief economist for Univest Wealth Management believes that the world and the U.S. economy will bounce back strongly. He backs that up because the stock market is getting better and energy prices are better. The U.S. economy needs industrial firms like Caterpillar and UPS to do well because other parts of the U.S. economy aren’t doing so well like home construction.

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