Gawd it is cold. And dark. Minus 27 C (-17 F) this AM.
The stock market started out warm, then cooled, now into the red. The data trend for the S&P 500 is up, but the fiscal cliff worries the market. Counter-intuitively the market seems to expect QE4 and this seems to be weighing it down. Like the 35th jelly donut more QE makes you feel sick. Any sort of compromise on the fiscal mess would be bullish for stocks, but there is no evidence that this will happen.
So I stay on the sidelines. In the cold. What stocks would be good to survive the cold….COP, SEP and CVC. High yields. Energy and cable TV. That warms me up.
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