Daily Sector Sort

Sector/Subsector	Day	YTD (-1 day)
Mobile Telecommunications	4.66%	-25.21%
Pipelines	3.19%	11.77%
Fixed Line Telecommunications	2.70%	-20.58%
Coal	2.48%	70.56%
Exploration & Production	2.13%	21.48%
Railroads	2.10%	22.90%
Multiutilities	2.06%	-7.70%
Electricity	2.05%	-3.72%
Gas Distribution	1.81%	9.78%
Integrated Oil & Gas	1.76%	-2.34%
Delivery Services	1.59%	-12.45%
Diversified Industrials	1.32%	-23.66%
Pharmaceuticals	1.31%	-15.99%
Water	1.01%	-25.42%
Oil Equipment & Services	0.99%	18.98%
Industrial Machinery	0.96%	-3.12%
Personal Products	0.92%	-11.17%
Biotechnology	0.79%	5.05%
Medical Equipment	0.65%	-3.66%
Medical Supplies	0.63%	-3.82%
Iron & Steel	0.56%	30.53%
Aluminum	0.54%	-4.05%
Food Producers	0.53%	-9.85%
Paper	0.52%	-30.19%
Electrical Components & Equipment	0.48%	-10.57%
Nondurable Household Products	0.47%	-18.12%
Electronic Office Equipment	0.47%	-14.82%
Trucking	0.40%	10.65%
Heavy Construction	0.36%	3.47%
Waste & Disposal Services	0.33%	4.57%
Nonferrous Metals	0.30%	7.21%
Media Agencies	0.30%	-8.31%
Commercial Vehicles & Trucks	0.24%	-10.55%
Defense	0.22%	-7.83%
Toys	0.18%	-5.53%
Broadcasting & Entertainment	0.07%	-10.83%
Electronic Equipment	0.00%	-5.78%
Real Estate Investment Trusts	-0.01%	-2.52%
Distillers & Vintners	-0.03%	-2.86%
Soft Drinks	-0.10%	-16.85%
Tobacco	-0.12%	-9.03%
Brewers	-0.13%	16.52%
Health Care Providers	-0.18%	-32.69%
Commodity Chemicals	-0.18%	-2.41%
Business Training & Employment Agencies	-0.19%	-11.70%
Recreational Services	-0.30%	-29.29%
Drug Retailers	-0.32%	-7.80%
Building Materials & Fixtures	-0.36%	-12.53%
Containers & Packaging	-0.48%	-15.52%
Financial Administration	-0.60%	-8.74%
Gambling	-0.62%	-42.54%
Aerospace	-0.64%	-22.64%
Semiconductors	-0.68%	-14.08%
Software	-0.77%	-14.88%
Internet	-0.78%	-20.14%
Auto Parts	-0.80%	-18.17%
Broadline Retailers	-0.81%	3.83%
Durable Household Products	-0.85%	-19.04%
Marine Transportation	-0.87%	-1.94%
Publishing	-0.90%	-19.08%
Transportation Services	-0.95%	24.78%
Real Estate Holding & Development	-0.95%	-7.38%
Hotels	-0.96%	-19.06%
Business Support Services	-1.00%	-1.51%
Restaurants & bars	-1.02%	-7.22%
Computer Services	-1.09%	7.36%
Footwear	-1.13%	-10.69%
Gold Mining	-1.19%	2.58%
Insurance Brokers	-1.21%	-2.61%
Reinsurance	-1.22%	-18.79%
Computer Hardware	-1.24%	-13.79%
Consumer Finance	-1.43%	-13.85%
Specialty Chemicals	-1.45%	7.90%
Telecommunications Equipment	-1.52%	-11.34%
Food Retailers & Wholesalers	-1.54%	-10.63%
Asset Managers	-1.55%	-18.33%
Airlines	-1.56%	-42.55%
Industrial Suppliers	-1.59%	-1.96%
Apparel Retailers	-1.66%	-9.21%
Home Improvement Retailers	-1.71%	-9.62%
Furnishings	-1.91%	-22.48%
Automobiles	-1.91%	-33.69%
Specialty Retailers	-1.93%	-13.88%
Recreational Products	-1.99%	-30.67%
Property & Casualty Insurance	-2.02%	-15.87%
Clothing & Accessories	-2.06%	-4.34%
Investment Services	-2.10%	-35.47%
Consumer Electronics	-2.15%	-51.60%
Tires	-2.27%	-37.30%
Life Insurance	-2.33%	-18.15%
Banks	-2.37%	-32.60%
Specialized Consumer Services	-2.65%	-14.07%
Specialty Finance	-2.89%	-21.72%
Forestry	-3.95%	-28.46%
Home Construction	-4.08%	-15.55%
Full Line Insurance	-4.40%	-47.33%
Platinum & Precious Metals	-4.66%	32.90%
Travel & Tourism	-5.48%	-24.89%
Mortgage Finance	-6.45%	-48.09%

Total number of sectors with data	99	99
Total number of gainers	36	19
Average gain (simple, not weighted)	1.14%	16.46%
Total number of losers	62	80
Average loss (simple, not weighted)	-1.52%	-16.43%

Index Thinking

Gossamer

by Vicky Brago-Mitchell

I was reflecting on the indices yesterday. First, I've had this particular perturbation regarding the DOW given the number of new entries, exits and extants. Due to the changing composition of this small indices, can it really mean anything on a technical basis for this reason? I'm concluding no; however, it does represent an emotional bellweather.

Second, the S&P which was heavily weighted toward financials has now lightened up considerably. I think the percentage was above 30%, and I saw an article (Bloomberg--in fact it was this article that clicked the gear in my head), that stated that it might go down to 12% weighting. If that is indeed the case (and I believe that it is), then how can historical views of indices (v. sectors) be very telling with respect to tops, bottoms and the big fat middle?

It's a bit of a rhetorical question, but one worth asking. While we had a bust in 2000/2001 with the internet stocks--our so-called dotcom bubble--the banking system had not been bitch stomped (yes, that is an ugly term, but I'll keep it). As NG notes in comments, we are in unchartered waters. And perhaps overall the market, regardless of sectors that have been causal in a market debacle, still behaves the same way. However, as a reasonable person, I have to believe that there are differences. I'm going to continue hold sector activity ahead of indices activity for my own market thinking.

I'm always leery of wholesale analysis of this crash v. that crash. I do believe that we are seeing the "credit event" of our lifetime. And I'm reminded of Armstrong's work on the subject of the 1929 crash. Specifically he notes that off-index debt in the form of bonds--from many countries--was a large cause. When I read that for the first time last year (and posted about it here), I was struck by the currently unfolding credit derivative market.

But....I'm straying too far from my point which is simply to be a little suspect of wholesale technical analysis of indices.

I did want to leave you with a chart on AXA--If the 200DMA falls.....

The Book of Five Rings; Celebrating Old Wisdom as a Guide for New Experience

Levitating Sphere

Fine Art Print

by Marlene Healey



I was looking for one of my The Art of War translations. I found instead The Book of Five Rings (BOFR) by Miyamoto Musashi (translated by Thomas Cleary).

If you are not familiar with these books they are immensely enjoyable in their simplicity. But this simplicity belies the extraordinary wisdom--wisdom that is applicable to every aspect of life. If you are an active trader, you would welcome these books into your arsenal. The market is surely every bit as dangerous as the battlefield for those traders putting their capital at risk each day. So preparatory mental and physical wisdom for the warrior would benefit the trader, I think!

BOFR was written in 1643. The translator's preface (xiii) notes that there are

two essential elements of ancient martial and strategic traditions:

• The first of these basic principles is keeping inwardly calm and clear even in the midst of violent chaos;
  

• The second is not forgetting about the possibility of disorder in times order.

Seems to have some applicability to current times.

There are many quotables in this book. But there was something from p. 16 (from the author, not the translator's preface as before) that I wanted to share with you:

1. Think of what is right and true.
2. Practice and cultivate the science.
3. Become acquainted with the arts.
4. Know the principles of the crafts.
5. Understand the harm and benefit in everything.
6. Learn to see everything accurately.
7. Become aware of what is not obvious.
8. Be careful even in small matters.
9. Do not do anything useless.

I'll post more of these in the future. There is rarely any new wisdom in the world--merely new experience that can be guided and informed by old wisdom. Unfortunately, I sometimes think that many believe that old wisdom is obsolete. I'm not in that camp.

Today's Transport

Today was not an enjoyable, stress free day. Today was a hot, miserable day for both volunteers and dogs. Plus we had some challenges.

This is Mia (shelter's pic on left). She was my shotgun passenger today. I did a long run--from my home to Emporia (1.25 hours) then from Emporia to Fredericksburg (2.25 hours) and then from Fredericksburg to my home (1 hour). I also had a pregnant female, Twila (shelter's pic on right.) I had a number of other pup passengers to include this darling little bugger--part Border Collie.


Mia is dog-on-dog aggressive though she could easily be handled by humans. Because we had some logistical issues (two vehicles from the outset--all the dogs arrive in a van in crates). Mia had to ride with another tethered dog. All pups and small dogs are in crates.

We figured that Twilla could ride in the backseat along with the small cages for the pup, and Mia could ride up front with me. There was a 20 minute stretch where I wondered if this was a good idea. One of the rat terriers began to bark. Mia did not like this and leaned and looked toward the back. She was also eying Twila, who was turning about to face the barking dog's cage--almost as if she wanted to offer comfort. I started singing which is a horrid sound that typically comforts distressed pups. Today was no different.

Mia locked her gaze on Twila. No growls, but very locked on attention and tensing of muscles. I did not like it a bit. I put my hand firmly on her collar and pushed her forward. I also patted her head, covering her eyes with my hand. Lock on gazes are not good--and I wanted to divert that. Though she was tied off to the suicide handles, I did not want 60 lbs of bone, sinew and muscle (and teeth) hurling her boldness into the back seat. You would have been reading about me on the evening news and this space likely would be silent.

Oftentimes dogs in the back will want to poke their heads forward for comfort. Twila did not, though she wanted to. So we made the balance of the trip quietly, except for my horrid singing. I put my fingers back for the rat terrier, and it licked them and pawed them--a nice comfort for a distressed dog.

Mia finally settled down. As I rubbed her ears, I could feel scars on her ears. I could see scars on her muzzle, and her feet. On her lower middle back she had a scar that was perfectly round as if someone had put a cigar hour on her. I don't know much about fighting dogs, but I'd be surprised if someone told me this dog had never been fought.

I cannot over emphasize her gentleness and willingness to be handled by me. I also cannot overemphasize her alertness toward other dogs. We handled her carefully ensuring adequate space. It was a stressful day. That stressed was mitigated by my Very-Berry-Shake from Arby's and my early bailout off of 95 due to traffic backups--It took me by Secreteriat's birthplace.

(My pic)


My previous post where I lifted a fairly lucid writing from Tim Knight's blog from April of 2007 is an example of terrific research coupled with poor execution. It fills me with both pride and contempt!

As you know I have little confidence in analysts. I think that the investment research performed on industries (sectors) and the companies within industries, in addition to the economic research, are terrific. But I do not trust buy, sell recommendations.

Look at yesterday. C is trading a little more than a 1/3 of its price just a year ago. Goldman comes out with a sell. A little late to the tea party, isn't it. Shareholders have already come aboard the ship and thrown barrels of valuation into the harbor of derivative discontent! Both Lehman and Punk Ziegel issued overweights and buys earlier. What chance do you and I have in making a well thought out decision when the heavyweights cannot agree?

This qualifies as a genuine perplexion. You either stand aside, or you put some of your speculative money at work. Personally, the leadership changes at all of the places makes me a bit nervous. It is disruptive. And when navigating through a crisis, you don't need disruption. I acknowledge that it is precisely this sentiment that makes a countermove (buying) such a bold and potentially profitable decision. Then again, look at GM.

Someone mentioned the following blog (click on image to be transported). You might find it worth a look:


I've mentioned Carl Futia's blog. Last night I clicked on my link and I found the following from his Jan 14.

2008 STOCK MARKET FORECAST

Summary

The first half of 2008 will prove to be a very bullish period and that the second half of the year will be flat or bearish.

Cycle Evidence . . ..

I omitted the cycle evidence because from where we stand on June 27, there's nothing at all bullish. I don't say this to be a nanny-nanny-boo-booer, but rather to point out that opinions are just that--OPINIONS. Many respected technicians thought the low had been put in. Proved wrong or ill timed. (I've a number of my opinions that fall within that basket!)

There were a couple of curious things (to me) about yesterday:

• Curious Thing 1: There was mention that that the sell off was not large in volume--so it was not a capitulation sell off. Meaning? There was no selling pressure, but rather an absence of buying pressure.

• Curious Thing 2: The VIX was not at an extreme high that we saw in other selloffs (which seems to support CT 1).

---

My cash position is very high. I have some exposure (mostly my chapped behind!) to the market via options (GE calls and BNI puts--not pretty). Nevertheless, I wanted to share with you three stocks, two of which I have a small position in. Remember, this is for the sake of heuristics and never a recommendation.


Here's a chart that I had in my conglomerates chartbook. Everything was already marked, and I thought the break significant. I bought some July 50 puts yesterday. It may touch the redline and bump up. I may hedge buy buying common if renewed strength is shown.

DVR is a favorite of mine. The stock has been acting well--though it might be a bit overbought. I purchased some OCT 15 calls on this.


HERO, which I have NO position in having sold my JUL 30 calls (I've been awaiting an crash in this area--). I made money, but I left lots of money on the table. Note that money flow is currently negative.

Rehash from the Past

(my pic) I was looking for Richard Suttemeier's info. Here's his website: http://www.rightsideadvisors.com/

How did this come up?--a blogger on Real Money (a site on which RS used to write) mentioned how correct RS was. I did a search and came up with this post (of mine!) on Tim Knight's blog dated April, 2007. Now think about how long it took for all of this to unfold. That is the lesson that I've learned from all of this. I hope you don't mind my printing regurgitating this--but I think I made some valid points worth considering.

Tradeitlikeitis: I don't really know much. I had some puts on MTG, but I closed them (for a gain) because it was holding up so well. They report tomorrow. My gut tells me that the news probability is 75% bad v. 25% good; but my gut and how the market chooses to react are syncopated in a way that gets my toes stepped and takes money out of my pocket. Though I've seen just recently some press saying that investors have over-reacted and MTG should fare better. Maybe they are smarter than I; maybe not. I did take my money and ran! I've learned to take my profits early on puts! I'm sure that I left money on the table.

At-risk banks: WB--they bought Golden West, and GW had LOTs of ARMS. WFC--subprime and 20% exposure to mortgage loans. I have OCT 35 puts on them. Of course, I expected these issues to mature sooner. Hell I had puts on WFC and BAC back in Sept/Nov 06 and somebody in Jan. I should learn that waiting for problems to come to fruition is like being a wine master. You have to let the vinification process unfold. (I've decided that it is categorically false that the market can see these things with any prescience. They need a shovel (f adjective omitted).)

I still think that LEND has some problems. They bought Aames, and Aames had a bunch of these loans as well. There have been no 4th quarter reports with Aames and Lend together--and of course, that small matter of the auditors resigning (though it has been filled now).

Here's my greatest problem--to me these issues seem so apparent, and if it were true that the 'market' reflects all known info (and I do NOT believe that it does) then these stocks ought not fall any lower. Personally, I do not think that the market has a clue--which is why AHM dropped like a rock.

Now...keep in mind AXA and HIG all have been involved in these issuances as well. Haven't heard about that in the press have ya? So look for insurance companies (remember, they are hungry for yield) to have some surprises from the credit spreads widening. Also of interest, HIG as of their last filing had investments in 2x as many hedge funds as they did last report (2006 v 2005). So think about how cozy all of the financial institutions (banks, brokers, insurance companies) are with hedge funds. We may end up with something that rhymes with muster duck. I have some HIG puts, but they are making me cry.

Richard Suttemeier has been steadfast in his warnings about banks. See, the topic du juour is
these mortgage loans. What's going to happen to these local (even national) contractors? Who do you think is holding some contractor loans that are going to not find a seat when the music stops?

And if some bankruptcy judge in New Century case yanks the loans 'sold' to the respective REITs out [go read one of those bond prospectus--very clear warning in all of them that this can happen, though to my knowledge I'm the only person (amateur at that) yammerin about it] then the bond market is going to either explode or implode; I'm not sure which.

So, if we are to treat this like vinification: we have picked the grapes and squished them between our toes and are in the fermentation process. We still have a long way to go before we see what actually gets put in the barrel. We all have a front row seat.

But, these are some things to keep in mind. Sorry to be so long winded!

Daily Sector Sort

Only 3 positive sectors.

Sector/Subsector	Day	YTD (-1 day)
Platinum & Precious Metals	7.05%	11.64%
Gold Mining	3.27%	-1.65%
Coal	0.18%	64.17%
Oil Equipment & Services	-0.13%	17.95%
Mobile Telecommunications	-0.51%	-25.08%
Aerospace	-0.68%	-18.59%
Exploration & Production	-0.72%	20.22%
Distillers & Vintners	-0.74%	-3.25%
Medical Supplies	-0.77%	-3.31%
Gas Distribution	-0.91%	10.42%
Brewers	-1.02%	16.32%
Furnishings	-1.16%	-20.15%
Soft Drinks	-1.45%	-13.93%
Defense	-1.47%	-4.65%
Personal Products	-1.50%	-8.75%
Integrated Oil & Gas	-1.52%	-1.06%
Biotechnology	-1.60%	6.04%
Health Care Providers	-1.63%	-31.88%
Nonferrous Metals	-1.71%	8.43%
Medical Equipment	-1.73%	-2.20%
Water	-1.77%	-22.59%
Food Producers	-1.91%	-6.71%
Nondurable Household Products	-1.95%	-14.15%
Clothing & Accessories	-1.98%	-1.28%
Business Support Services	-2.04%	-1.65%
Multiutilities	-2.11%	-4.88%
Property & Casualty Insurance	-2.12%	-13.42%
Specialized Consumer Services	-2.20%	-12.64%
Marine Transportation	-2.27%	0.00%
Electronic Office Equipment	-2.29%	-12.45%
Pipelines	-2.29%	14.45%
Publishing	-2.30%	-16.57%
Financial Administration	-2.30%	-6.36%
Reinsurance	-2.40%	-15.57%
Consumer Electronics	-2.44%	-51.13%
Pharmaceuticals	-2.44%	-14.40%
Delivery Services	-2.53%	-10.36%
Insurance Brokers	-2.57%	-1.59%
Transportation Services	-2.57%	26.33%
Recreational Products	-2.66%	-27.38%
Railroads	-2.68%	25.68%
Tobacco	-2.70%	-5.23%
Electricity	-2.71%	-3.72%
Computer Services	-2.75%	11.02%
Specialty Retailers	-2.78%	-11.05%
Media Agencies	-2.81%	-5.01%
Broadcasting & Entertainment	-2.83%	-7.72%
Food Retailers & Wholesalers	-2.84%	-7.80%
Durable Household Products	-2.87%	-15.39%
Toys	-2.87%	-0.73%
Broadline Retailers	-2.93%	7.24%
Software	-2.95%	-11.75%
Apparel Retailers	-2.97%	-5.85%
Trucking	-2.99%	13.91%
Industrial Machinery	-3.18%	0.07%
Specialty Chemicals	-3.20%	10.66%
Restaurants & bars	-3.21%	-3.86%
Fixed Line Telecommunications	-3.28%	-16.75%
Waste & Disposal Services	-3.32%	9.27%
Drug Retailers	-3.35%	-5.30%
Heavy Construction	-3.35%	5.81%
Asset Managers	-3.43%	-14.15%
Life Insurance	-3.47%	-14.43%
Airlines	-3.60%	-40.10%
Iron & Steel	-3.61%	33.27%
Home Improvement Retailers	-3.62%	-4.15%
Paper	-3.63%	-27.70%
Telecommunications Equipment	-3.67%	-7.49%
Building Materials & Fixtures	-3.71%	-9.67%
Internet	-3.79%	-16.83%
Electrical Components & Equipment	-3.81%	-6.48%
Real Estate Investment Trusts	-3.86%	-2.52%
Electronic Equipment	-3.90%	-1.72%
Computer Hardware	-3.92%	-10.08%
Real Estate Holding & Development	-3.94%	-7.38%
Forestry	-3.95%	-28.46%
Aluminum	-4.03%	-0.17%
Commodity Chemicals	-4.08%	1.97%
Business Training & Employment Agencies	-4.14%	-8.48%
Travel & Tourism	-4.37%	-20.81%
Containers & Packaging	-4.38%	-10.76%
Hotels	-4.49%	-14.71%
Banks	-4.54%	-28.14%
Semiconductors	-4.60%	-9.45%
Investment Services	-4.68%	-31.23%
Diversified Industrials	-4.74%	-19.34%
Commercial Vehicles & Trucks	-4.74%	-5.39%
Automobiles	-4.78%	-30.23%
Full Line Insurance	-4.80%	-44.16%
Gambling	-4.89%	-36.54%
Specialty Finance	-4.99%	-17.88%
Industrial Suppliers	-5.01%	3.31%
Consumer Finance	-5.09%	-9.29%
Auto Parts	-5.32%	-13.16%
Recreational Services	-5.52%	-23.89%
Home Construction	-5.57%	-9.55%
Mortgage Finance	-6.90%	-42.99%
Footwear	-8.47%	-3.30%
Tires	-10.39%	-30.03%

Total number of sectors with data	99	99
Total number of gainers	3	21
Average gain (simple, not weighted)	3.50%	15.15%
Total number of losers	96	77
Average loss (simple, not weighted)	-3.16%	-13.88%

Daily Sector Sort

Sector/Subsector	Day	YTD (-1 day)
Platinum & Precious Metals	4.55%	11.64%
Recreational Products	4.06%	-27.38%
Tires	3.70%	-30.03%
Business Training & Employment Agencies	3.27%	-8.48%
Hotels	3.25%	-14.71%
Recreational Services	3.20%	-23.89%
Mobile Telecommunications	2.97%	-25.08%
Food Retailers & Wholesalers	2.82%	-7.80%
Clothing & Accessories	2.21%	-1.28%
Waste & Disposal Services	2.10%	9.27%
Restaurants & bars	2.06%	-3.86%
Apparel Retailers	2.00%	-5.85%
Media Agencies	1.95%	-5.01%
Software	1.94%	-11.75%
Specialty Retailers	1.92%	-11.05%
Computer Hardware	1.88%	-10.08%
Specialty Finance	1.85%	-17.88%
Travel & Tourism	1.82%	-20.81%
Marine Transportation	1.79%	0.00%
Soft Drinks	1.77%	-13.93%
Broadcasting & Entertainment	1.65%	-7.72%
Semiconductors	1.64%	-9.45%
Broadline Retailers	1.61%	7.24%
Paper	1.61%	-27.70%
Trucking	1.59%	13.91%
Publishing	1.54%	-16.57%
Medical Supplies	1.45%	-3.31%
Containers & Packaging	1.44%	-10.76%
Electronic Office Equipment	1.44%	-12.45%
Real Estate Investment Trusts	1.39%	-2.52%
Personal Products	1.38%	-8.75%
Telecommunications Equipment	1.36%	-7.49%
Nonferrous Metals	1.35%	8.43%
Internet	1.34%	-16.83%
Business Support Services	1.33%	-1.65%
Airlines	1.27%	-40.10%
Drug Retailers	1.26%	-5.30%
Health Care Providers	1.24%	-31.88%
Tobacco	1.23%	-5.23%
Biotechnology	1.20%	6.04%
Insurance Brokers	1.16%	-1.59%
Multiutilities	1.16%	-4.88%
Railroads	1.15%	25.68%
Electrical Components & Equipment	1.15%	-6.48%
Real Estate Holding & Development	1.15%	-7.38%
Financial Administration	1.14%	-6.36%
Life Insurance	1.11%	-14.43%
Nondurable Household Products	1.05%	-14.15%
Durable Household Products	1.05%	-15.39%
Electronic Equipment	1.00%	-1.72%
Computer Services	0.99%	11.02%
Medical Equipment	0.99%	-2.20%
Consumer Electronics	0.96%	-51.13%
Gambling	0.93%	-36.54%
Furnishings	0.89%	-20.15%
Transportation Services	0.88%	26.33%
Brewers	0.86%	16.32%
Commodity Chemicals	0.83%	1.97%
Home Improvement Retailers	0.81%	-4.15%
Water	0.80%	-22.59%
Industrial Suppliers	0.73%	3.31%
Fixed Line Telecommunications	0.73%	-16.75%
Home Construction	0.69%	-9.55%
Gas Distribution	0.63%	10.42%
Pipelines	0.61%	14.45%
Investment Services	0.60%	-31.23%
Pharmaceuticals	0.57%	-14.40%
Distillers & Vintners	0.42%	-3.25%
Electricity	0.41%	-3.72%
Integrated Oil & Gas	0.40%	-1.06%
Footwear	0.40%	-3.30%
Reinsurance	0.40%	-15.57%
Auto Parts	0.39%	-13.16%
Toys	0.30%	-0.73%
Banks	0.30%	-28.14%
Gold Mining	0.29%	-1.65%
Property & Casualty Insurance	0.27%	-13.42%
Iron & Steel	0.26%	33.27%
Diversified Industrials	0.16%	-19.34%
Specialized Consumer Services	0.14%	-12.64%
Food Producers	0.09%	-6.71%
Asset Managers	0.04%	-14.15%
Industrial Machinery	-0.02%	0.07%
Building Materials & Fixtures	-0.02%	-9.67%
Mortgage Finance	-0.08%	-42.99%
Heavy Construction	-0.09%	5.81%
Aluminum	-0.10%	-0.17%
Full Line Insurance	-0.28%	-44.16%
Commercial Vehicles & Trucks	-0.40%	-5.39%
Specialty Chemicals	-0.46%	10.66%
Delivery Services	-0.53%	-10.36%
Aerospace	-0.68%	-18.59%
Oil Equipment & Services	-0.76%	17.95%
Consumer Finance	-0.78%	-9.29%
Automobiles	-1.44%	-30.23%
Defense	-1.47%	-4.65%
Exploration & Production	-1.88%	20.22%
Coal	-2.48%	64.17%
Forestry	-3.95%	-28.46%

Total number of sectors with data	99	99
Total number of gainers	82	21
Average gain (simple, not weighted)	1.32%	15.15%
Total number of losers	17	77
Average loss (simple, not weighted)	-0.91%	-13.88%