BS bethlehem steel, X - us steel, BA - boeing, CAT - caterpillar, DE - Deere, W - Westvaco - all up 5 - 10 % today, all have graphs that have bottomed for 4-5 year or so (j/k) - is this a 1-2 day phenomena, where value stocks are re'discovered 0r a change in investor psychology.
I think it is just a temporary blip, the growth stocks will come roaring back, maybe not thursday or friday, but that still is the place to be. stock index mutual funds are getting mega bucks, these funds are buying GE, MSFT, INTC, WCOM, CSCO, WMT, etc, so they should keep on flying. but i do think that this is a wake up call for the valuations of stocks that have been wallflowers for 6 months to 2 years, sporting pes of 10-15, and have yields. some money in these sectors will both be a hedge and probably do very well. larry |
