Posted on 01/02/2009 6:28:52 AM PST by Kid Shelleen
AS THEY SAY IN CRIME NOVELS, they are rounding up the "usual suspects." In the stock market, there also are usual suspects and changes in their relative performances will tell us when the bear is firing up his getaway car.
When leadership by traditionally defensive sectors gives way to leadership by traditionally aggressive and cyclical sectors, it is a good indication that the market is turning the corner. Currently, such defensive areas as consumer staples and health care are still in the lead and that tells us what we already knew -- the market is still hurting.
(Excerpt) Read more at online.barrons.com ...
moneylist ping
Watch the small, strong, local and regional banks for greatly increasing savings rates.
It’s in the movie Casablanca. “Round up the usual suspects.”
"And on that note, with the light at the end of the tunnel possibly in sight, it is time to close out 2008 and wish everyone a brighter, more successful 2009. Happy New Year!"
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.