this is a sector rotation guys

Discussion in 'Trading' started by scriabinop23, Jun 7, 2007.

  1. Look at the leaders in this market right now: nasdaq, goog, aapl, etc... All serious growth stocks without much leverage (and thus debt burden) on the balance sheets.

    All of the lower PE earnings yield arb plays have quite a bit of correcting to do: utilities, materials, commodities, etc. if long treasuries continue falling off the cliff.

    Hell if AMZN is up most of the day in a market like this, you have to realize this isn't quite a 'crash'.

    Nasdaq's turn for the next run up. 5000 next year here we come (just kidding... couldn't resist)

    And yes, I bought the dip. Am in the red - hopefully won't be for long.
  2. Don't worry, just...

  3. Agree. Quality, high growth tech is doing well and will continue to do so.

    AAPL, GOOG, AMZN were hardly affected by the recent selloff