Mayor’s Picks - February 2008

Panic has been replaced by a continual confusion on Wall Street in the past month. Recession fears still persist and experts paint a conflicting view of whether the economy will fall into recession. This Mayor is in the recession camp but only for a short time. The real problem I see in the future is a stagnant housing market for the next few years. The run up in housing values have brought homes to a very un-affordable levels for most people. I see housing falling this year and being flat for possibly five years after that. This could be a drag on the economy for a while.

I’ll get off my soap box now but my point for explaining this is my picks this month and in coming months will be affected by this view.

On with the picks. February 2007 picks beat the market by over 10%. Apple and Chipotle really overcame a poor performance by companies like SHLD. But that’s what