Grandich seems to make an excellent call every 20 years, so we're still about 13 years from the next one, lol. And Gartman's record is worse than a coin flip. So, yeah, we're going to new highs!

But first, a little correcting appears to be in the works. On the negative side, market internals are weaker than the main indexes, Russell & Nasdaq are underperforming. We are entering a traditionally weak period, and the market actually "needs" a correction after having run up so much the last few years. On the positive side, transports are holding up along with the Dow. A lot of pundits (along with the G men) are expecting a downdraft, so the chances are diminished. And there's a Democrat in the White House (markets traditionally have a better summer when the President is a Democrat).

Although my crystal ball is a bit cloudier than usual, it says choppy with a downward bias but with a modest July rally just for a surprise. No crash, nothing dramatic.

Things to avoid for the summer - US small caps, technology.

Things to own - resource stocks - energy (oil gas coal), platinum / palladium, base metals, possibly uranium and even PMs.