Right now there are few things scarier than the post-market report on CNBC. It's almost like watching a horror movie.
And I've got some zombie stocks that you need to stay far, far away from.
A zombie is a dead person brought back to life without speech (keep quiet or you don't get any TARP money) or free will (Uncle Sam is now the largest shareholder).
The Japanese invented the modern zombie -- not the living dead person, the living dead bank. We now have a financial system and an auto industry comprised of zombie banks and companies.
The following are eight companies that qualify as the living dead (click on the Portfolio Killer # for more details):
Add privately held Chrysler, which has the same problems as GM, but is much smaller and has less staying power, and several large auto parts makers, one of which, Delphi Corp., is already in bankruptcy, and you have a zombie auto industry.
Given the quality of American industrial workers -- the most productive in the world -- and the home field advantage, it is beyond belief how these once-living organisms died and now walk around, scaring politicians, with hands out looking for more of our flesh – excuse me, tax dollars.
I could also write about a whole cadre of regional and small banks, but the most dangerous ones are the big banks above that people are tempted to buy.