Last Friday the stock market opened lower on news employers hired fewer people than expected during May. Payrolls rose 431,000 in the month but 411,000 jobs were temporary census workers. So this country added 20,000 jobs in May? Pathetic in a rising economy.
Get used to it. Old-schooled unemployed need to learn a new trade — quick. That’s why for-profit education is successful — graduate fast with a skill in demand. Computers and healthcare have employment opportunities and can be learned quickly at the for-profit schools.
Although Technology will probably be the top sector of 2010, Education is the best place to find new stocks that fit-the-mold. Upside is fantastic over the next one to two years. One risk with education stocks is government risk, which I’ll touch later.
New up-and-coming retailers look good too, but these stocks aren’t on sale (high P/Es). Want low P/Es and high profit growth? Get education.
