Dear Ben: Thank You!

May 15, 2008

Dear Dr. Bernanke,

I wanted to write you this quick note to thank you so much for your recent interest rate cuts. Don't get me wrong; I don't necessarily approve of what you're doing. I just want to thank you for it!

I know what you're thinking–the dollar is sinking, and commodities are soaring. Well, that's certainly true, and it's part of the reason why we're so happy with you.

Ben–if I may call you Ben–just look at some of the profits my Blue Chip Growth subscribers have racked up since March 17.

• +69% in Synaptics (SYNA)
• +68% in SunPower (SPWR)
• +62% in First Solar (FSLR)
• +52% in Apple (AAPL)
• +46% in Research In Motion (RIMM)

That's right, these profits were made in less than two months. We have a total of 23 stocks that are up over 23%. Ben, from the bottom of my heart–thank you, thank you, thank you!

By the way, I didn't pull March 17 out of thin air. If you recall, that was the day before you and your buddies dropped a 75-point rate on us. That, my friend, was brilliant.

Would Greenspan have cut by 75? Maybe.

Volcker? Not a chance!

But you, Ben, you weren't afraid. You smacked 75 big ones on us, and the market shot up 420 points that day! Plus, you did it in the face of two dissenting votes! Wow! Yet, you still weren't done–you then gave us another 25 points just a few weeks ago. The best part is that my Blue Chip Growth subscribers were able to tailor their portfolios to be perfectly in sync with your policy of "screw the dollar and slash rates."

But what I really like is your most recent decision to stop cutting interest rates. Why? Oh Ben, I understand you well, it's because this decision gives our style of investing a green light to buy.

Ben, did you know I used to work at the Fed? Yep, it's true. It was before your time, but I've learned to be a good Fed watcher ever since. You see, 99% of investors have no idea what the implications are of your policy, or what to do about it. Not my subscribers.

We love it, and, of course, have the profits to show for it!

Fluor Soars $25 a Share in One Day

Ben, look at what happened this week to Fluor (FLR), another one of my favorite Blue Chip Growth stocks. The company is one of the leading international engineering and construction firms.

Wall Street was expecting Fluor to report first-quarter earnings of $1.27 a share. That was a pretty optimistic forecast. After all, Fluor had earned 94 cents a share in last year's first quarter, which translates to a growth rate of about 35%. So, Ben, you can see why I like the stock.

But business has been so strong for companies with a heavy international component. After Monday's closing bell, Fluor reported earnings of $1.50 a share. That's 23 cents a share more than the Street was expecting.

And it doesn't end there. The company also raised its forecast for the entire year. Fluor's earlier EPS forecast was for $5.10 to $5.50; now it's for $6.25 to $6.55. That's a huge increase. On Tuesday, traders nearly caused a riot to buy the shares. I love it when that happens. Shares of Fluor jumped $25 a share on Tuesday, that's nearly 15%, and trading volume was about five times higher than normal.

Ben, we couldn't have done it without you!

Oh, and Ben, don't worry about the high price on Fluor. The company also announced a 2-for-1 stock split for next month.

Just for You, Ben

Ben, you've been so good to us, so I want to return the favor. I'm currently working on the June issue of Blue Chip Growth, and I want to extend to you a special offer to join us.

You can sign up today for a one-year subscription for just $149. That's half off the normal rate. I call it my "Fed Chairman Discount." This includes 12 monthly issues, access to my weekly updates, earnings service, PortfolioGrader Pro, plus my famous Buy List–and if you act now–you join just in time to receive our June issue which will be e-mailed to subscribers on Monday.

Remember, Ben, Blue Chip Growth is one of the highest-rated newsletters around. Our legendary Buy List has beaten the market for eight of the last ten years. Last year, we gained 29.8%, which beat the S&P 500 by nearly fivefold. In the past ten years, the Blue Chip Growth Buy List is up over 274% compared with 77.6% for the S&P 500.

It's no wonder why The New York Times called me "an icon among growth stock investors."

I'll also pass on some of the highlights of the June issue. I haven't yet completed my exhaustive battery of tests but it looks like I'll be recommending two new stocks. Ben, I can't tell you what the names are, but one is a Swiss company whose first-quarter earnings nearly doubled. The other new buy is an oil and natural gas stock that recently gave a very upbeat production forecast for this year. I think both stocks have the potential to double within twelve months.

There's one other thing, Ben. There's absolutely no risk in signing up to Blue Chip Growth. If you don't like it for any reason, you and your beard can cancel at any time within the first six months and receive a 100% refund. No questions asked.

Let me add one final thought, Ben. It's okay if you want to hold rates steady for a while; I understand. That's fine with me because you've already lit the fire under the best stocks. Did you know there's over $3 billion not invested in the market? That's one of the highest cash levels in years. Those folks sitting on the sidelines certainly don't like earning a puny 2% with their money. So once again, thank you.

Sincerely,

Louis Navellier