Biotech stocks in this arena have been red hot like technology stocks. Financial stocks have been beaten down due to Y2K and interest rate worries. With Y2K fears over, financials should be poised to run once interest rates stabilize. While we see technology, health, and financials to lead the market in 2000, individual investors need to stay on their toes. Market cycles have been shortened.
Pullbacks seem to focus on one sector of the market versus the entire market.
We need to adjust quickly and without hesitation. Tom Leechin, M.S. is The Vice President for Investment Operations.