And a different opinion..
from another guru..
<<David Smith of worldlyinvestor.com says after the market correction that?s happening now is near its end, he thinks sectors like consumer sectors, basic materials, and electric utilities might pick up. As evidence, he says, the Dow Jones picked up his theme yesterday, reprising ?hit of the 70s? including International Paper (IP), Alcoa (AA), Exxon-Mobil (XOM), and DuPont (DD). ?The single best S&P industry group was electric utilities, with gains of 4% among leading shares Duke Power (DUK), Texas Utilities (TXU), and Southern Company (SO).? Smith?s bottom line is, a tech recovery in the near-term is unlikely. >> |
