NET NEW HIGHS AGAIN AND AGAIN!

As always, it is fun to be hitting net new high portfolio values before the market gets back to net new highs. Owning airline stocks sure makes it easy to accomplish. Today the airline index was up 4.76%! Our biggest position was the leading group making us happy.

News reports are that the summer airline season is expected to be the best in years. Traffic growth of 6% is expected. Of course fares will rise on flights that are almost sold out.

Airlines are traditionally "second half" stocks. These means they tend to do well during the expansion phase of the business cycle. This cycle will last 2 to 4 years.

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BUY THE BIG BULL BOOM BUBBLE BEFORE THE FROGS JUMP OUT OF THE POT!