Table of Contents:

1)  Goldman Sachs says it’s the end of an era.  We agree. 

2)  Something doesn’t fit with everything else.  That something is the stock market.

3)  The level of expected earnings growth is not enough to sustain this rally.

4)  The energy stocks are poised to breakout again in a big way.

5)  Updating the charts on the major indices (most of which are overbought).

6)  The world is a dangerous place…so buy the defense/aerospace names.

7)  The housing stocks are testing a VERY important support level!

8)  Potpourri (with quite a few interesting charts).

9)  Politics…Update from our Washington insider!

10)  Summary of our current stance….Be careful what you wish for.

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