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The erstwhile Val Hughes and Mo Mentum are back. They think the economy is slowly recovering, but we take issue with them on that point. They think the mortgage tax deduction will be done away with and have little affect on the jittery housing market, due to low interest rates. We take issue and see this being a killer for high tax state real estate markets. One of the major incentives to own a home is the tax subsidy. Once this is gone, already weak markets will sink into the mudd.
The magic stocks for this week are Gannett Co., Inc. (GCI), The Interpublic Group of Companies, Inc. (IPG),
Listen up and it always helps to have an adult beverage.
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