Bullish themes for the year. Themes that big players are betting on, as though theyre done deals. Buy, buy, buy. This kind of thinking isnt unusual at the beginning of the year, as we see what resonates and what doesnt. So without further ado, let me tell you the ten themes im seeing already. First the eight positives and then the two negatives. 2014 is looking like another year where aerospace is ascendant. While we know from alcoa, who produces up to 3 million fasteners per plane, and General Electric, the central thesis is that the commerce are healthy. Those customers ranging from the airlines to an exceptional crop of middle east orders are forcing the bears to rethink their negativity. We know from deltas results this morning that the airlines are flush. We want to learn more when United Technologies reports tomorrow. I think well be pleasantly surprised with the aircraft number. Thats what matters to me. Second positive theme for 2014, nonresidential construction may finally be
You are being asked buy and you are not being paid much to take the risk. The stocks are not down all that far. A 5 decline for the dow and a teenie amount for the nasdaq. That does not entice me. S p 500 going down 1. 59 . And nasdaq nosediving 2. 16 . No panic, and volume was light. But why the heck did you have to do any buying today . I dont want to give up on this market. No, but yes, i think the beat down was deserved. And i dont think its over. Lets talk about what is changed that can make us go down and whats the same, that can allow us to bounce when the market pulls back a few points, which is where the current news probably takes. First is syria. We dont know what is going to happen in the middle east, but any time anything happens, you get a real sell off, you have to assume the worst. We have fought two wars and you cannot avoid the possible of a third. And what is happening in egypt, you cannot imagine of anything good. Making matters more difficult is the fact that that