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No. of Recommendations: 4
Yesterday I bought 1) a lot of medium sized banks with conservative loan portfolios 2) some life insurance companies with substantial asset management/retirement part of the business; a large annuity part of the business and considerable reinsurance for the life insurance portion of their businesses and 3) One REIT - KIM.

This morning, I was looking to buy a lot of non-financial companies, but only got one Hanes (HBI).

No energy, it could get very bad in the oil patch. The next 12 months could be a replay of 72/72 or 1999 when oil went to $1 and under $10 respectively. Today's $20 would be about 1999's $10.
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