banks vs cyclicals

  1. 3,694 Posts.
    I remember back in 1999? that as the tech bubble took hold banks were sold down savagely as punters moved into hot stocks, chasing capital gains rather than div.

    With the surge in resource stocks and other cyclicals I wonder whether the same thing is happening. There were some huge buy orders on BHP this morning and the money has to come from somewhere. Sector rotation has been going on for a while and but now looks to be accelerating.

    Just a thought.
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