Market Inefficiecy in Gold, Emerging Markets, Healthcare, Banks, and Defence?? Value Traps?

first choice - Gold - Distance from August and September Indian Wedding Season.   Strive towards US Bonds and US growing economy?   What about North Korea, Iran, Venezuela, EU chaos, Future MF Globals, Global First World Check Printing (money supply).  

second choice - Defense - Global first world budget cuts will continue to put pressure on security budgets.   Hungry and aggressive 2nd and 3rd world countries continue to challenge hegemony in world affairs - Straits of Hormuz, Iran Nukes, Arab Spring, Iraq resurgence, Pakistani contradictions, North Korea, Oil Price, Food Insecurity, Russian Nationalism .....    War is still a politics by other means and the military industrial complex will continue to provide solutions.    

third choice - Healthcare - Political instability about budgets for healthcare and social programs.    Budgets are unsustainable and getting tighter. 


fourth choice - Banks - When will the age of deleveraging end?    Europe still does not have a solution to Soverign Debt, and therefore Eurobank exposure to Crappy Bonds, and being further complicated by EU political anomolies.  


Email my on your thoughts.     Each of these needs additional details.   

When Will the Capital Gains Selling Start?

Probably last two weeks of the year.

If One Is Supposed to Buy Low and Sell High Then....

This current market should be a sell.   However since most of the market is waiting on good news from the EU there is a possibility of further upside if Germany of France really come through.   The opposite is also the case.     Hopefully we do not get a solution that has holes in it.     That would be a setup for an accelerated downward pressure on the markets. 

V, MA, AXP or DFS - Financials without the "Too Big to Fail"

In a way these act like toll roads.   Anyways, I will patiently wait for these to go on sale.   See their Yahoo Chart below.