Winners Effect

Winners effect is what endocrinologists call successive victories, that helps boost levels of testosterone higher and higher, until the winner is drunk with success...becoming so over confident they can no longer think clearly, assess risk properly or make sound decisions.

Over the last year:

Energy +30%
Materials +15%
Industrials + 4%
S&P 500 -5.6%
Health care - 11.5%
Telecom -14%
Consumer -18%
Financials -29%

The old rule of investing....follow the tape and don't fight it...

What is the tape saying?? It's pretty obvious to us.

CHK at 4 four times cash flow with Nat Gas at $10!! Soon to be $15.....
BHP at 8 times 2009 earnings....

Both are market leaders....and will continue to be so....and are under owned by the "Winners."

Danny Boy seen here is off to the GCC to see what all the hoopla is about.