hedgie, I think its called 'defensive growth' sectors.. those sectors that might appreciate in a decline. All the talking heads who pay to sell their wares on cnbc/bloomberg advocate buying those sectors. It serves two purposes imho.. one, for those investors that have to be in the market, its not a bad play tho its probably better to be out of it if you can. Second, it provided support for the market through sector rotation. If all those that have to be in the market buy the same sectors, its allows the early rotators (those usually appearing on cnbc) to exit with a profit plus it means that the indexes get to look solid.. much better than everyone betting on different things cos then the impact is lost. I think the cnbc crew have a big role in coordinating market propping, aside from their other roles in the big usa markets con job (apologist for the fed, spreader of bs, cheerleading for the bulls and amerika, etc etc). The current sectors being advocated in us of the world are energy, health, and tech.
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