This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 U.S. ETFs to Buy During Selloffs, Pullbacks

When the Beatles sang, "Can't Buy Me Love," who would have thought the chorus might some day apply to U.S. stimulus spending? Indeed, the $862 billion hasn't bought much in the way of love for new employees. And as it stands, longer-term economic growth hinges on love for human resources.

Consider an example that involves actual dollars. As part of the U.S. government's record stimulus package, it gave $1 billion to build a clean coal repowering program and carbon dioxide storage network in Illinois. The Department of Energy has projected that the spending created 1,900 jobs. In other words, private taxpayers funded a government project that yielded 1,900 jobs at a cost of more than $500,000 per new hire -- although this of course looks only at those hired for this job, not at the spending employees will do in the area or money spent on materials for the plant that will save jobs elsewhere. The department also notes the benefits of the plant's work, apart from how many are hired.

Even before taking office, President Barack Obama told NBC's "Meet the Press" that the stimulus plan was about more than jobs: "The key is making sure we jump-start the economy in a way that doesn't just deal with the short term, doesn't just create jobs immediately, but also puts us on a glide path for long-term sustainable economic growth," he said.

Deleon
A test plant in Fukushima Prefecture, Japan, is similar to a $1 billion project planned for Illinois.

Still, only 20% of investors believe stocks will go higher over the next six months, which could mean investors prefer to see corporations hiring, and that may not be as difficult as some suggest. Gather leaders of respective economic sectors in the Oval Office. Ask them what they need to spend their money on hiring, as opposed to acquisitions or share buybacks. To the extent they can meet certain yardsticks ... give them what they ask for. (Lather, Rinse, Repeat!)

Yes, if that means cutting the corporate tax rate, cut the corporate tax rate. If that means limiting legislation that hinders business cash flow, limit legislation. Again, as long as hiring yardsticks that business and the White House agree upon are met, everyone would win.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,563.30 -317.06 -1.88%
S&P 500 1,930.67 -39.40 -2.00%
NASDAQ 4,369.7730 -93.1290 -2.09%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs