The markets are showing bubbles in both stocks and commodities. Closing off some gold positions, oil may also come off highs, although holding oil stocks long term. Commodity producing currencies could finally get their correction particularly the Australian dollar (which has been nerve racking holding a put on the AUD!) and Latin American currencies as LATAM countries will continue to cut rates. Not buying Asia until the stimulus wears off in 2009 and swine flu's (H1N1 virus) possible economic damage. The US dollar has some short term gains as risk aversion finally kicks in soon - when stock/commodity markets correct.
Energy stocks, from gas, oil maybe some US renewable stocks (speculative buy) like solar (depending on the money they get from congress). Pharmaceuticals stocks right to the end of the 2009 awaiting the Northern hemisphere flu season outcomes. A mentioned holding gold physical but selling some positions on gold warrants. Holding off from the buying USD, inflation should speed up towards 2009 - which will be mostly oil/fuel based. So the USD is toast later in the year (but watch for short/mid term strength). US/Euro Banks are still trouble, may buy long term, although there is going to be more defaults coming through especially on car, credit card and even houses (again). As mention watching Japan and China, South Korea end year, so I may pick up some Asian ETF's (the larger economies). But concerns on their banks, particular China and Japan still weighs.
*morbius glass does not give investment advice. Trade at your own risk
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