Rosenberg Daily - TO REITERATE, THESE ARE THE STRATEGIES WE ARE BULLISH ON

• Hybrid strategies with a better than 4% running yield, beta of no higher than 0.5, and with a mix of dividend-paying stocks and oil/gas paper. We continue to favour the income-hard asset barbell.
• Relative value trades with longs in high-quality, non-cyclical, low P/E stocks and shorts concentrated in low-quality, expensive, economically sensitive stocks.
• Hedge funds should benefit from the heightened volatility as QE2 draws to a close, just as was the case last year with the end of QE1 right around this time.
• Secular bulls on energy and precious metals, as well as agriculture. Starting to warm more towards natural gas, mindful of the lingering excess supply.
• Positive on the Canadian dollar — it is in a multi-year bull market. • Focus on the corporate bond market given the prospect for sustained low
• default rates; high-yield still offers best value for risk.
• Japanese equities remain one of the most compelling value plays in the world, notwithstanding the ongoing macro risks from the nuclear disaster

---4/6/11