I have posted my beaten down pick previously which is semi-conductors. Semi-conductors are very cyclical and will rise again. There is no way around not having semi-conductors, they are in practically everything electronic. Another one I believe is homebuilders, however, I am reluctant to give it a buy rating. If the past is any indicator, these housing downturns tend to last for many years. We simply do not know the floor. I worked for Wells Fargo in 1997 and took many phone calls from distraught homeowners who were behind on home loans. The housing started to downturn in 1991 and by 1997 there were still homeowners behind on their loans. Angelo Mozilo stated that he has never seen a "soft landing". Anyone who can point out any other beaten down or unfavored sectors right now? Feel free to post. Thank you.