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I hate to be a pessemist at a time when many are optimists but this rally cannot be sustained. I believe the current upturn in equity prices is due to economic stimulus through programs like cash for clunkers. Also, employment is still an issue at almost 10%. The problem is we are not working our way through this recession/depression but rather spending and cost cutting our way through it. I will currently position my portfolio for a defensive position until I feel equities become undervalued again. I still am bullish on equities that obtain revenues from a diversified global portfolio and gold as a hedge against inflation. So companies to keep in mind include Kraft foods,Wal-Mart,Coca-Cola,Johnson and Johnson,Proctor and Gamble,and Becton Dickenson.

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