Market Sector Performance

Posted on So 18 November 2007 in misc • 1 min read

  • Economy
  • Stocks tags:
  • C
  • MER
  • Sectors
  • Stocks meta: _aioseop_keywords: MER, C, Stocks, Long Term, Investing, Trading, Position Trading podPressPostSpecific: a:6:{s:15:"itunes:subtitle";s:15:"##PostExcerpt##";s:14:"itunes:summary";s:15:"##PostExcerpt##";s:15:"itunes:keywords";s:17:"##WordPressCats##";s:13:"itunes:author";s:10:"##Global##";s:15:"itunes:explicit";s:7:"Default";s:12:"itunes:block";s:7:"Default";} author:

    Sector Performance 111708

    For the past 65 days the Consumer Discretionary and Financial sectors have been underperforming the S&P500. This is no surprise because in my mind they are mutually reinforcing, both positively and negatively. Of course I'm oversimplifying here when I say this, but when money is loose and easy to get, the general consumer shops more. This in turn grows earnings in those sector companies.

    I'm a longterm betting man so my money is looking for beaten up financial companies like Citigroup (C) (long already) and maybe Merrill Lynch (MER).