The Bad News Victims of 2008 are the
New Victors of 2009
Michael Shulman, January 5, 2009
Free Trading Guides
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The Bad News Victors—
Where to Go Long for 2009
The HomebuildersAs I wrote above, they actually outperformed the market and selected names blew up—but timing was critical. The January and summer rallies --which was based on emotion and words (plus some short covering), not economic reality or earnings --- killed some positions.
The lesson for 2009 is the same as 2008: Short selected names with very weak balance sheets, like the ones I mentioned on page 3. Avoid the ETFs.
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