Sector Rotation : Week 49/09
November 30, 2009 · Print This Article
Last week, Health Care (0.39%) is the only sector in green as the streets lighten the other sector and pile some money into the defensive sector. Financial (-3.58%) is the biggest loser followed by Industrials (-1.93%), Technology (-1.63%), Materials (-1.28%), Consumer Discretionary (-1.11%), Consumer Staples (-0.88%), Energy (-0.54%) and Utilities (-0.37%).
There are so many uncertainties in the market nowadays such as Sovereign credit default, Santa Claus Rally, the fast falling Dollar, high Unemployment Rate and many more. Any disappointing news from the event will cause the market to panic. This is because the market had been rising for the past few months without a serious correction.
In conclusion, the best sector going forward to the end of the year will be holding cash. It will be better to have profit in the pocket to celebrate the year-end than anxiously praying that the market will survive in uncertainties.
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