What we are seeing now in the world stock exchanges is rotation. Basically, Bernanke has stabilized the markets by putting a floor under financials and stocks are stating to rotate out of safety plays like commodities and into large caps and other sectors that will benefit from lower oil. As long as oil goes down so do all the commodity plays, momentum players will jump ship and it may feed on itself as people don't want to be the last person standing at the party.
Wednesday, March 19, 2008
Rotating the Portfolio
A Yahoo POT board member wrote: