Saturday, January 21, 2012 11:55:25 AM
The entire sector is, if in fact turning around, at about the best buying opportunity across the board since back in late 2008 bottoms.
I am still dubious about blatant QE, sure there is very much behind the scenes QE happening from the Fed (much for European benefit) but imo things will have to be pushed down to a rather more bleak level (in the economy as experienced by avg Joe, but of course higher gas in itself could accomplish that) for the Fed to be politically enabled to launch a new round of QE visibly and recognized as such. If that was not the case I would be pretty bullish about small caps and resources near-term.
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