Gosh. Just frustrating to buy any global growth story - even the ones who increased guidance by $1.30! [Jul 31: Flowserve - Mighty Impressive Earnings] I had hoped the chart was telling us that in the past week Flowserve (FLS) had disassociated itself from crude oil/commodities but apparently not to the hedge funds. Once more buying a breakout was punished - this is like a toddler reaching for the hot stove for the upteempth time and getting burnt continously. At some point you just give it up. Sticking to our rules we are cutting this back from a 1.6% stake to 0.1% as the stock broke its support of the 50 day moving average today.
I have to tell you, they usually say in tough markets "it's a stock pickers market" - meaning if you are selective and can find jewels among the trouble you can still do ok. I have to say in this new era that is complete and utter garbage. This is a sector pickers market - it doesn't matter what type of company you buy, no matter how bad their fundamentals, as long as you are buying the favored sector - any airline will do right now; any housing stock will do - you buy 1, and you own the whole group - they all move together as they are one monolith. The same goes on the downside. It doesn't matter if you do research among multiple companies and own companies who just raised guidance by $1.30 not 5 weeks ago - it is considered trash because it is in the wrong sector.
So stock selection is out the window - it is all about being in the favored sectors. This is yet another new paradigm. Quant hedge funds, along with perhaps the proliferation of sector ETFs continue to change the game. Or in this case maybe another hedge fund is blowing up and barfing up its positions into the market as it gets ready to close its doors. Who knows anymore.
Long Flowserve in fund; no personal position
Did you like this article?
Everyone men would like to
We have the most LV Bags,
Cheap Porsche Design replica
A lot Aof people are
puma shoes |puma speed
mbt mbt trainers mbt
mbt trainers
mbt schuhe
mbt sale shoes
mbt sale
mbt shoe
mbt shoes review
mbt shoes clearance
walking shoes
mbt walking shoes
mbt shoes uk
mbt reviews
mbt shoes
mbt shoes on sale
cheap mbt shoes
mbt shoes for sale
anti shoes
mbt anti shoes
mbt chapa shoes
mbt m.walk grey
mbt m.walk pink
mbt m.walk black
mbt m.walk peachblow
mbt lami
mbt lami shoes
mbt lami sale
mbt lamis
mbt lami purple
mbt sport
mbt sport 2
mbt sport
mbt sport shoes
air jordan shoes air jordan nike shoes nike jordan shoes nike jordan jordans shoes jordans michael jordan shoes michael jordan Jordan basketball shoes cheap jordan shoes jordan shoes on sale Jordan Fushion Shoes discount jordan shoes mens jordan shoes mbt m.walk pink
mbt m.walk black
mbt m.walk peachblow
mbt lami
london links links london
links london jewellery
links of london
love links jewellery
love links
links bracelet
links bracelets
links bracelets london
links bracelets cheap
links bracelets for men
links charms
links charms sale
love links charms
links jewellery
links of london usa
links of london sale
links of london wholesale
links jewellery sale
links jewellery wholesale
tiffany co
tiffany and co
tiffany rings
tiffany jewelry
tiffany & co
tiffany jewellery
tiffany engagement rings
engagement rings
tiffany uk
tiffany ring
tiffany ring on sale
tiffany ring for sale
tiffany ring for men
ugg bailey boots Ugg Bailey Button Boots Ugg Bailey Button ugg button boots Ugg Bailey UGG Classic Cardy boots Cardy boots UGG Cardy boots UGG Cardy sale ugg classic short sale ugg short boots ugg classic short ugg classic tall Boots ugg tall ugg tall boots ugg classic tall mbt m.walk peachblow
mbt lami
uggs on sale Ugg Classic