Friday December 12, 2008 Navivest

Unless the stock market chooses to ignore calamitous economic news as it did last week, we are looking for stocks to continue yesterday’s slide and trend lower today.

We have a somewhat active economic calendar and on the slate today, are Producer Price Index numbers from the Department of Labor, which measures the price of manufactured goods at the producer level, Retail Sales numbers from The Department of Commerce’s Census Bureau, which will give us further insight into the deteriorating state of the U.S. consumer’s finances and Business Inventories from The Department of Commerce’s Census Bureau.

These should all serve to send stocks lower today. Unfortunately, we will be getting most of the news before the stock market opens, so if you are not already short the market, you might be missing out on some of the gains.

To the extent that we are looking for

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Although Alabama is best known as a cotton growing state, the state produces much more, from poultry to automobiles. As a matter of fact manufacturing accounts for more than half of the total income produced within the state. Some interesting facts about Alabama follow:1. Alabama’s GDP of $160.6 billion is the 25th largest in the country.2. The transportation, equipment and manufacturing industry employ over 30,000 workers.3. The agribusiness sector provides the state with 21% (476,000) jobs.4. The aerospace industry in Alabama has grown to provide $6 billion in revenue and employ over 139,000 workers.5. The state offers several incentives to new businesses and businesses relocating to Alabama. The Income tax capital credit, and the property & sales tax abatements are just two of the most common.6. With the second largest contiguous forest is in America, Alabama’s paper industry ...