Hugh Johnson, chief investment officer with First Albany, noted that even in a down market, utilities have done well, as well as health care and consumer staples.
"I'm always bothered when I see those sectors do well, because those are the sectors that do well in the late stages of a bull market or in a bear market," Johnson said. "That's not a good sign, particularly when you see the stock market going down at the same time, and you also see large-caps outperforming small."
The white man seeks to conquer nature, to bend it to his will and to use it wastefully until it is all gone and then he simply moves on, leaving the waste behind him and looking for new places to take. Chiksika (Kispokotha Shawnee),March 19,1779