Are semis, HMOs, REITs, Banks, Airlines, Oil, small caps, Asia, Latin America, Russia, commodities, gold, etc. wrong ?
There are a lot of people starting to lose money. There is little pricing flexibility anywhere. Sure retail and housing look good, but they can turn on a dime just like oil and semis. IMO, this market is shouting SELL.
The amazing segments are the S&P, Dow and Internet stocks. The divergence is HUGE. As a value/contrarian investor I am amazed at all of the opportunities that have popped up. I am trying to hold back until the other foot drops.
BWDIK, everything could bounce and all could be right with the world, but I doubt it.
KB |
