Looking ahead, it’s difficult to say what sectors will lead the next bull market (energy, alternative energy, gold, pharmaceuticals, etc. are all possible candidates) but whatever the leaders will be, financials and homebuilders are not good candidates.
Investors should look for new opportunities as history strongly suggests the last bubble will not be re-blown.
– Michael Shedlock, “Market Bottom? What Market Bottom?”, Mish’s Global Economic Trend Analysis, May 22