(Source: Goldman Sachs)This week's action I find puzzling. The indexes are still rather "high" to most BUT there are alot of stocks the got beat up this week. The main stocks with the discounts are materials and industrials, which are highlighted as the worst sectors of this past week. Stocks like POT, RIG, NOV, HES, IPI, and MOS got crushed this week, while investors began buying Healthcare and Utilities. Healthcare and Utilities are normally considered low risk secots; however, with Obama's healthcare plan, I would be careful. If I had to play it, I would trade the depressed HMOs for a contanza trade.
Thanks for this
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