What's after the Financials?

What's the next sector to topple?

Energy?
Consumers?
Transports?

 

Consumers has been in the dump for awhile and will keep going lower

 

Biotechnology.

Akuma

 

Tech

 

None of the above.

We are going to see an year end rally on the back of the two rate cuts. The current fear is way over-blown.

Let the banks take their well-deserved losses.

 

How can tech topple when GOOG, BIDU, AAPL, and MSFT have all just reported great earnings? We are going higher.

Check out the latest buzz on GOOG --

http://www.news.com/8301-13579_3-9810358-37.html

 

Exactly. Lots of people think this way. Couple of warnings (look at semis for example) and they are done. May be close to january/February though when credit squeeze will start to show up on reports.

 

Agree.

There might be a couple of pullbacks but the technicals on the Nasdaq are very strong.

Anek

 

energy for sure - oil cant happily stay at 100/barrel

 

Retail's already getting hit.
Transports are next up, as the domestic economy slows even as exports pick up. Reported GDP will look good, employment will be fine, but retail sales and therefore transportation stocks will get hit.