Monday, March 3, 2008

More of the Same

Commodity and inflation-related stocks are continuing to perform well. Oil and Gold are moving higher. Elsewhere, the economy is standing still. Sentiment is getting very poor, which will be bullish, but not yet. There are still some deals being done. United Technologies (UTX) made a bid for Diebold (DBD). I like this deal for UTX. They are an extremely well run company with a variety of valuable businesses. This is proof that there are deals to be done, and some businesses are executing strategies well, even if others are having trouble. I'd be a buyer of UTX on any weakness.

Elsewhere, we'll watch for more economic data. Jobs report later this week should give more insight.

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