Talk about a hard task of trying to find stocks that can move up, right now. It seems with each day the group of stocks to pick from keep getting smaller and smaller.
One of the challenges that makes this bear market so complex is that there is really no “go to” sector. Over the past year they have all been miserable. Healthcare has had its bright spots, but not knowing how that sector really works I’d rather not venture out there.
As I was looking over the sector breakdown over different time frame I noticed something interesting. See if you can figure it out.
As the time frame got shorter and shorter, financials went from being the worst performing to the second best. Sure most of them can’t really go down anymore further; nonetheless it is an interesting picture.
It seems like each sector is taking their turns at a beating. Random stocks are getting manhandled for no reason. When it seems prices can’t get any lower, they do.
I am definitely interested to see where the market heads towards the end of this week. Perhaps some clarity will be revealed.
Question to Readers: What sector(s) do you think will finish out 2008 strong? What stock(s) are you looking to profit on IN 2008?
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