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, Random Roger (151 clicks)
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Ok, we know something bad has happened in London but we don't know how bad, at least I don't know yet, writes Roger Nusbaum. This is not something I would sell into, at least not now.

If this dominoes into a series of events I may change my mind.

I have written countless times about having a bomb shelter aspect to your portfolio. To me this means gold, defense stocks, Swiss exposure and an inverse index fund. These areas have a shot of going up to day, counterbalancing the rest of the portfolio.

The Swiss franc is strong this morning, interestingly the Norwegian krone is fairly strong and the Aussie and NZ dollar are both weak. The ten year treasury is strong and I am unsure about Swiss government bonds right now.

[Editor: There are two gold ETFs: GLD and IAU. Treasury bond ETFs include SHY, IEF, TLT and TIP. ]

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Source: Terror and the importance of portfolio diversification (GLD, IAU, IEF, SHY, TLT, TIP)