Surprisingly I'm actually starting to pick at that area for the first time in a long time.
They are clearly lower risk now than they were.
We knew it was going to be a rocky opening after yesterday's earnings reports but I think it was a very encouraging day. Valuations are reasonable but the fundamentals are going to get better.
The market correctly saw that the economy was going to soften in the fourth quarter.
It may have gone a little too far, too fast.
The preliminary indication is not that positive.
Those are the ones that are very cyclical, and the economy has a big impact, but they become very cheap, ... Companies like some of the commodity semiconductors, the integrated device technology types.
I think to a certain extent it's a bounce. These stocks have been down quite a bit.
Euphoria can only go on for a certain amount of time. Eventually reality wins out.
Copyright © 2024 Electric Goat Media. All Rights Reserved.