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Economics and Investing:

Barron’s [1] mentioned a “Buy” indicator on Smith and Wesson [1]. I second the motion, but to be more specific: Make it one of the early stainless steel S&Ws with the pinned barrel and recessed cylinder. (“Pinned and recessed.”) For revolvers, you can’t go wrong with an early production Model 629. I like the 6″ barrel length, (except for concealed carry), but the Barron’s didn’t give any details. What? You say he only owns S&W stock? You can’t stop a charging grizzly with a stock certificate. Invest in tangibles!

Fed is Said to Seek Capital for at Least Six Banks [2]

Swine Flu Fear Catching Fast in Weak World Economy [3]

Items from The Economatrix:

US Economy Shrinks More than Expected [4]

Fed Takes Fresh Stock of Economy [5]

Citi and BofA Must Raise Billions in Capital, Says Leaked Stress Test [6] Stress test results and flu drive markets down worldwide

Gold Hits Four-Week High as Swine Flu Fears Grow and China Builds Reserves [7]

Swine Flu Over Cuckoo Markets [8]

Chrysler to File Bankruptcy as Talks with Creditors Fail [9]

New Jobless Claims Drop Unexpectedly to 631K [10] Continuing claims near 6.3 million

Ambrose Evans-Pritchard: Swine Flu Deflation [11]

Shell Profits Skid 58% in 1st Quarter [12]