Over the weekend, Barron's did a feature story on Anheuser-Busch (BUD). There is no doubt, BUD is a classic value stock at these levels. UBS has a reduce rating on the shares saying there is a potential downside of $37.

While I cannot rule out there analysis, Value investors really don't care what analysts have to say. Traders care because an analysts report can move a stock because of the influence they have with their institutional clients. But the key point for value investors is this: Analysts rarely recommend stocks that are out of favor.

Once you decide what type of investor you are (Value or Momentum), stock picking becomes a lot easier. That being said, which analysts do you think Warren Buffett follows? That's right! None of them. Case closed.

Warren Buffett bought a large chunk of BUD back in April. BUD is trading about 5 points less now, and is currently at 16 times analysts' 2006 earnings estimates of $2.56 per share. Is this BUD for you?

THE MARKET:

Now that we are in the month of November, we will see a lot of scratching and clawing as the market climbs a wall of worry into year-end.

Today, the Fed will meet, and its obvious that the key fed funds rate will be hiked to 4%.

The crooks on Capital Hill will begin to hold hearings on how the oil companies have been screwing consumers. If they want to talk about screwing consumers, these politicians need to look in the mirror.

In our area, there is about a .50 cent tax on a gallon of gas. Since gasoline is currently trading at $1.58 on the spot market, a .50 cent tax is about 33%. Whose screwing who? In other parts of the country, you have an additional tax by your local and state governments. So those elected officials are compounding the screwing.

What would really help the consumer is to take all energy products off the futures market, and make oil producers have to compete against one another to win your business. Since gasoline is a consumer product, I believe the Wal-Mart approach to oil would work like it does for other consumer products.

Oh, I forgot. If this would be allowed to happen, we could no longer be manipulated and screwed. Well, so much for that.

THE NEW JUDGE:

I like him. I read a piece this morning that said that judge Samuel Alito had a significant amount of his investments in the Vanguard Group of mutual funds. This shows that even a man of his stature does not rely or trust Wall Street firms. Good for him!

After all the scandals that Wall Street brokerage firms have been involved in, who in their right mind would continue to do business with these people? Not judge Samuel Alito.