Finding safety in the current market condition.

Good morning. The US retailer Costco (COST) was touted this morning on CNBC as a stock to put your money during the current market down turn. If I was in a defensive posture then I would have to agree, however I am currently bullish on the market. The margins at COST are extremely slim.

Before initiating a position in COST I would want to see significant prospects for margin expansion. I guess I'll listen to the next conference call since I am in the market for another retailer to replace half of my Home Depot (HD).

They have great deals on big screen tvs. I am very happen with the 42" Sceptre HD tv I purchased from Costco last year. The new 46" Sceptre looks even better. Maybe I'll buy the new Sceptre instead of the stock.

CNBC also had a money manager on who recommended biotech stocks as a safe haven. I will always have biotech as a segment of my portfolio, yet they have not been the safe haven they used to be during market down turns. I'm currently looking into Genetech (DNA).