10-05-11 Comments

[jmbarnette]

Interesting to note the top performing industry groups for today are ranked 197, 195, and 192 (according to Marketsmith).

[Mike]

Interesting to note the top performing industry groups for today are ranked 197, 195, and 192 (according to Marketsmith).

I think this effect is in line with Pascal's strategy of buying the stocks that went down the most at market bottoms like we saw yesterday. These are the stocks that bounce the most when the market turns. This would be a short term effect however unless there is a true rotation by institutions into the old lagging groups.