A -1 correlation!
That's excellent, Donald.
And most folks who pay attention to the sector on SI are psychologically predisposed quite similar to the analysts.
This is precisely why I feel that while the idea behind the 'Blood on the streets' thread is absolutely on target, individual investors are loath to actually act on such a truism. Investors 'know' that the time to back up the truck is when the outlook is the worst. However, they analyze the environment 'rationally', express views strikingly similar to the analysts' (and thus would likely generate similar dismal estimates), and, for the vast majority of investors, shy away from the sector.
And, as a consequence, most investors miss the most powerful part of the up cycle rally (* see below). We're probably in that stage of the cycle right now.
As usual Donald, your hard work and perseverance are truly appreciated.
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*an example of just how much stocks in this sector can go up when the cycle turns, this was recently posted on the Klic thread:
>>>(A)n average return (by Klic) of the four previous cycles (is) 642%, the range of the four was from 549-706%.....(T)he average length of time it took to top out was 16.5 months, the shortest cycle length was 14 months, while the longest was 21 months. Using averages only, we're looking at a price of 66.6 and April 15, 2002, for our tops....Historically, the movement upwards increases exponentially as we near the top date... <<<
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