turnkeusa

Panic Driven Sector Rotation

Anyone who uses the English language effectively must be prepared to hear "what are you really saying." Literacy is a dying art.
Good description of raw mass emotion. Robert Johnson once called the currency markets a ship listing violently from one side to the other, with the ship's listing exacerbated by the crowd on the deck madly fleeing from one side to the other.

Especially liked the brief--and false--dawns intermittently provided by the Fed. Until absolutely all the false dawn scenarios are exhausted, every upturn, especially in financials, will be a bear market sucker's rally. When we starting hearing the popular press braying helplessly and hopelessly for Bernanke's head and proclaiming the "death of equities" a la Business Week in 1979, the bottom will have been reached. Until then collect dividends from cheap hard assets like oil & gas income trusts and J-REITs or buy the companies that service those assets, like drillers, shippers, tankers and geophysics companies.