Energy Leads the Way
Tuesday, July 31, 2007 - 1:31 am
Originally published in Charting the Market 7/31/07
Are you trying to make sense of this crazy market? That makes two of us. Looking at what has been working, and not working, is a good place to start. Energy has led the way the past three months, while REIT’s, biotechnology and financial stocks have brought up the rear. You can join the tape or fight it, but getting whipsawed is never much fun. Sticking with the winners is fine, but don’t overplay your hand. Sooner or later the dogs will have their day.
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