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IBDvalueinvestin (99.68)

Sector rotation out of Banks and into Energy will be more profound today.

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May 11, 2009 – Comments (2)

Banks have gone well ahead of themselves right now but energy is just getting started and every year energy has its biggest gains in MAY ahead of the summer driving season. Usually energy peaks on Memorial Day. Which is the kickoff to the summer driving season.

Sort of buy ahead of the news and sell on the news mentality.

2 Comments – Post Your Own

#1) On May 11, 2009 at 9:18 AM, Gemini846 (57.60) wrote:

Any prediction on how much of a run up you expect. IE is it too late to get in for a few weeks or will it last the summer?

Are people going to drive less on Bad Economy, or are they going to spend some this year while they still have a job since they skipped out last year.

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#2) On May 11, 2009 at 9:36 AM, IBDvalueinvestin (99.68) wrote:

I doubt it will last the summer, but for a few weeks it should rally hard.

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