United Technologies Corp (UTX)

[bar1080]

From what I'm seeing, quality mega caps like Raytheon have done best this past three months. Among other things, I track the S&P Cap Weighted Index (the normal S&P) versus the equal weight S&P. The normal S&P has been the place to be.

My other favorite index to watch is the NASDAQ Capital Markets Composite which tracks the NASDAQ's lowest quality tier. I use that as a very approximate surrogate for Pennyland. For the past 90 days, It's off 31% vs 19% for the S&P.

Anyone who bet on gold stocks as a hedge, especially junior miners, is certainly disappointed. I suspect that many of the tiniest ones are scammy, along the lines of Bre-X.

Bank CDs have been solid. I'm not aware of any banks that are in serious trouble... so far. Eventually I'd expect some Texas oil country banks to disappear.