I was actually looking over trends and stocks recently and found that most specs seemed to have been far higher 6-12months ago than they are now.
Sure some have defied this trend, the obvious movers(MAD, SIR, SYR), the slow steady gainers (ATU, MAB) and various mini discoveries which set new floor prices... however the majority are far lower.
I won't go so far as to say a bottom is in or close, specs can certainly fall farther. It just goes to show that like our economy, this market has been 2 speed for the majority of this rally.
It also shows why my LT stocks over-took my DT gains quite largely towards the end of last year beginning of this year (could be my own lack of skill as an added factor to the downside of the DT gains ;))
Interesting times ahead.. Got my weekly stock newsletters today.. telstra being seen as a yield hero outside the banks (which is being classed as a bubble, decent sign the run isn't over yet?) and most seem to be moving into mid-cap dividend yielding stocks. Next 'bubble'?
