Hungary is another statistic of George Bush’s War. Europe is on a verge of going under in a major recession, as the Euro drops to its low of $1.19.6 vs our dollar. That means you pay $12 for a movie now in Europe vs $17-18 per movie a year or more, while the average price is $10 in the USA.

Spain has a 20% unemployment rate and Greece will probably not be able to repay its debt, causing a panic and possible war overseas among the europeans, especially if Greece cannot pay its debt, when Europe or shareholders try to take the land, the natives will protect their land.

So all this turmoil, has us looking into low priced top stocks to buy and also shorting the worse companies on the stock market. We are long short as the Euro continues to drop. We like to short ODP, as office depot sells to small businesses and since small businesses are mostly not here anymore, except the old companies, we don’t feel their sales will increase, as their stats show a decline the next quarters.

We also like to short GameStop, as their businesses are not booming much as we see when we drive by and the fact that game sales are online now. gamestop misssed the boat!

We like UNG , as the next choice in OIL. If Natural Gas goes up ore and barack Obama odopts Nat Gas, then we feel that UNG basket can go to 5 times its price right now, which will be half the current price for a barrell of oil.

Have a good trading day. Stay short till some green shows afloat in the bailed out europe countries. This post is my opinion and not a ack to move in a certain direction, as always . Copyright 2010 BusinessCapitalLoans.com

euro, europe recession, france recession, george bush war, greece recession, hungary recession, spain recession, uk recession