The Best Offense is a Good Defense During a Recession
Hello and welcome to this week's edition of Money Talk Monday! The Dow slid another 150 points or so this week, but that's OK. That just means everything is still on clearance. This is no time to put the wallet away. I'm going to talk today a little bit about some precautionary moves in a time like this. I know that the general rule of thumb is that "chicks dig the long ball", but if I may quote a tried but true adage, "sometimes the best offense is a good defense." During a recession, or even a correction, the stocks that generally perform the greatest (or the least worst) are stocks that supply goods that have inelastic demand. ...
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