[mattduke]

I hate to buy things that are making new all time highs, and that means Au, Ag, Pt, Pd, GDX, GDXJ. My other favorites like agricultural commodities (wheat, sugar, cotton, and coffee) and coal are also zooming. Treasuries are uber-bubbly now, so I may add some short position there, but the Fed has all but promised to buy more of them in QE2. Oil has been the laggard of late, so maybe that's the place, but my oil position is large enough already. What do you think?

[Sixstrings]

I would think commodities. Anything food related that has global demand. You'd want to look over the charts of course, but wouldn't cocoa and coffee be good bets?

[eastbay]

Matt, head straight into energy service both natural gas and oil related. It'll not go out of fashion for quite awhile and tends to move in tandem with the price of oil and natural gas, both of which are nowhere near fairly recent highs. And as a sector it's reasonably priced, for now.