Jeff Saut Presents: Electrifying
Editor's Note: The following article was written by Raymond James Chief Investment Strategist, Jeff Saut. It has been reproduced with permission for the benefit of the Minyanville community.
"I was reading Lowell Miller’s (Woodstock NY utility’s manager par excellence) 1Q '07 report and ran across a rather amazing statement. He stated ‘some observers have suggested that new electricity infrastructure expenditures (which create both regulated and unregulated returns on investment) over the next twenty years may equal the entire market capitalization of ALL investor owned US utilities.’ Wow...I was wondering if you had any thoughts as to how we might profit!"--David
We have marveled at the relentless upward march of the DJIA over the past months as despite spurious fundamentals, weakening economic statistics, sticky interest rates, and a deteriorating U.S.
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