And all the ramped-up production ended up filling the inventory warehouses. As the selling finally hit the more traditional financials and industrial cyclicals over the past eight trading days, the techs only participated until yesterday. Even though they moved lower, the momentum to the downside is waning. A portion in a balanced fund is good. A bigger portion in the index fund would also be good.
Diversity is the most important thing because no one can call the market all the time.
In a bull market it is so easy to make money that everybody seems like a genius. Stocks just keep moving up. This is not a bull market, and therefore each stock has to be judged by its own merits. A solid balance sheet and good prospects for earnings are paramount. I was impressed with the price and volume action today in the equity markets.