Tuesday,
25 February 2003 8:30 am
Did you know that Information Technology
is the only S&P Sector whose stock values are up for 2003? Here are the
current numbers from Standard and Poor's:
| Information Technology |
+2.8% |
| Energy |
-1.3% |
| Health Care
|
-2.7% |
| Financials |
-4.2% |
| Consumer Discretionary |
-4.2% |
| Consumer Staples |
-5.0% |
| Industrials |
-5.6% |
| Materials |
-6.1% |
| Utilities |
-7.4% |
| Telecom
Services |
-14% |
Somehow, with
war jitters dominating our news and a listless
gloom hanging over all of the major stock exchanges, this fact has barely received any
mention. Instead, we hear constantly from financial
"experts" that everyone now knows that the Tech sector is
not the place to be invested any more. Better to hide in defensive
issues in the Consumer sectors, old line Industrials, Materials, etc.
until the coast is clear.
Yet Information
Technology is the only sector that is up. There
is hope after all!
Making Sense of It All