When the going gets tough…

Time Magazine reports this week (12/10) on how to survive the expected recession.  Among the several specific tips is one interesting general insight.  Sam Stovall, chief investment strategist at Standard & Poor’s, recently looked at stock performance during the 10 recessions we’ve had over the last 60 years.  The only three true bright spots–stocks that actually gained ground during a recession–were tobacco, household products and ALCOHOLIC beverages.  According to Stovall, “when the going gets tough, the tough get eating, smoking and drinking.” It rings true.