NEW YORK ( TheStreet) -- When my wife and I raised our two sons on Long Island, first in Greenlawn then in Munsey Park, it was our legacy to host a Fourth of July pool party. Our guests were mostly my wife's relatives, and over the years you knew the most popular alcoholic beverages among the adults and among the cousins as they became old enough to drink.The alcoholic beverage industry is in the consumer staples sector as most folks will maintain an inventory of their favorite brews, wines and spirits regardless of economic times. The consumer staples sector is 17.0% overvalued with the alcoholic beverage industry 7.8% overvalued.
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