Of course you're right. That must be the thinking. There is a secondary issue involving "value" investors using computer programs to chase down value plays based on current stock prices and "old" data.
I'm not smart enough to look out 9 months and see anything "plausible" as to the sector turning around. Beazer's CEO doesn't see anything today for the future either, and if he can't see it how can I?
The bottom line is not to fight the tape. There are many market sectors to choose from so one doesn't need to invest in everything.
David Fry's Daily Market Outlook [View article]
I'm not smart enough to look out 9 months and see anything "plausible" as to the sector turning around. Beazer's CEO doesn't see anything today for the future either, and if he can't see it how can I?
The bottom line is not to fight the tape. There are many market sectors to choose from so one doesn't need to invest in everything.
David Fry's Daily Market Outlook [View article]
Thanks for your kinds words.
Dave