This is your final warning. Dollar strength has rejiggered asset allocation models, throughout the globe, causing U.S. equities to spike. However, keep in mind, these same ham and eggers were long “BRIC” in size, just prior to its swift execution.
This is a light volume summer rally. Like previous summer rallies, in the midst of a bear market, it will fail (miserably), causing upright walking pigs, in tight neck ties, to wish they took up a different field of business.
With my money, I bought some more [[SKF]] at the bell. At the present, I have a decent blend of long/shorts. However, I am prepared to sell most of my longs, in order to benefit from the inevitable leg down, whenever it commences.
I am not really a big geopolitical fan. I think people who waste their time with politics and “world news” are mentally ill and may pose a risk to small pets. However, it’s worth noting, the insanity of investors, totally ignoring Russia and their stupid tanks, is impressive and appalling at the same time. On the bright side, the military-industrial complex is benefiting— in a big way.
Top picks: General Dynamics Corporation [[GD]] , Lockheed Martin Corporation [[LMT]] , AeroVironment, Inc. [[AVAV]]
UPDATE: Barry touches on a point I have been making for months: municipalities are in trouble.Comments »