September 02, 2008 at 11:21 AM EDT
Rolling with the Transports: Rails and…Truckers?
Financials.  Oil.  Financials.  Oil.  Financials.  Dollar.  Oil.  Anyone look at the transports (IYT) lately?  Rails and truckers specifically? It’s as if fund managers have classified all stocks as financial trades or oil/dollar trades, and the media piles on and that’s all we ever hear about.  Doesn’t the individual industries and business fundamentals matter?  It doesn’t seem like it matters for a lot of sectors, but anyone look at the transports lately?  Rails and truckers specifically?  (Just these two because we have lost the airlines and autos to “the dark side” and its futile to try to mount a rescue mission anytime soon)<a [More...]
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