Congress may approve a "new WPA" in September/October
The jobless numbers are spooking the Democrats. Word is that the Democrats may enact a vast increase in infrastructure spending before the fall election. Former Labor Secretary Robert Reich calls this a "New W.P.A.", a stimulus plan for Main Street. It's gonna happen folks.
VMC to $50+. Also look at EXP, CX. All at multi-year lows.
One example is that Congress may approve a speedup in the construction of the Los Angeles subway system, to be finished in 10 years instead of 30 years. This was reported in the l.A. Times last week. This speedup will usher in infrastructure speedups in other cities. This infrastructure boom, long delayed, will boom the materials stocks, all near multiyear lows. Buy VMC. Buy EXP. Buy CX. Buy CBI.