Fine, but an interest rate sensitive holding. We are getting another correction at some point with more talk of tapering. Thinks it will give back a dollar or two over the next 2 to 6 months and then it is probably another good buying opportunity.

Drilling space is exciting for the next decade. There is some technical resistance and for the next year or two he thinks these stocks are range bound now.

Average dividend is 3.2% in the banks, but this ETF has that exposure and a covered call overlay on half of the portfolio so yield is 5 to 5.5%. Valuation targets on banks are not for much more growth so you want to use this to get the higher yield.

You have to be relatively short term focused. Thinks gold has more upside in the long term but next year it will have a tough time. On the down side, if we stay below $1200, a lot of gold production gets shut in. Thinks there is a floor between $1100 and $1200. We need inflation to be the next catalyst to get gold going. It’s range bound next year and he doesn’t think you should be aggressively trading it.

Thinks we are range bound in the oil industry. There is potential for a long term bottom developing. If we see it breaking resistance, that would be quite bullish. If it breaks support you don’t want to be there. Nibbling away here with a stop would be one way to play it.

Looks to be making a bit of a bottom. We are still in a pattern of lower highs and lower lows. If it starts making a higher low and higher high, then we should look at it. No technical evidence that the bottom is in yet.

This is the wrong time of year for beer stocks and the volumes are down anyway. Demographic is younger people not drinking beer. BUD sees volumes picking up next year. These names are seen as a little more growth.