A diary of the thought process behind my investment decisions
Losers Lose, Winners Win
The winners from 2011, namely staples and healthcare, have recently accelerated their outperformance. While the losers from 2011, everything else, continue to suck wind. Generally, the losers outperform early in the new year as tax loss selling and window dressing end. This effect is seen most in small cap stocks and is known as the January Effect, but applies to a lesser degree to large cap stocks as well. For some of my stocks the new year can't come fast enough.