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Investors: Forget the Market Theories; Watch These Two Sectors to Determine Broader Strength


Considering semiconductors are in almost everything consumers buy, and all consumables have to be transported, these sectors typically lead economic expansion.

"87% of all statistics are made up on the spot."
– Anonymous

Here we are, the last week of the third quarter with most asking where this year has gone. Time, a precious commodity with finite resource; imagine if this traded on the futures (no pun intended) exchange? When I was younger I can remember always being told, "Wait till you get older Kevin, time goes by faster the older you get." Of course I never believed it until now as I find myself saying the same thing to my 13-year-old son. Nevertheless, this week should be rather exciting given the idiosyncratic and bifurcated nature of this market.

Since the August 2011 20% sell-off these two terms have been tossed around and employed quite often. In all honesty, I looked up the definitions a while back to validate their proper use by market pundits and trade rags. Webster defines idiosyncratic as a behavioral characteristic relating to a temperamental peculiarity of a particular group (paraphrased). On the other hand, bifurcated is defined as a dynamic system which develops from orderly to chaotic by exponentially increasing its possible outcomes. Idiosyncratic. Yeah, that works and fits like a glove. Yet bifurcated doesn't really seem to fit as the number of market outcomes is static – up, down, and flat. In reality, it is the number of influence on those outcomes which is increasing exponentially. Some would call this splitting hairs, but who am I to say. Although interesting, does it really matter?
No positions in stocks mentioned.

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