18TH C.playwright Nicholas de Chamfort said it best:" Public Opinion is the worst of all opinions."
One of the few exceptions to Contrary Opinion has been Buying/Selling by Corporate Executives over the years. Since they are purportedly the "experts" of their companies and Industry Groups, they should be the first to see trouble down the road. For the last 2 years they have been extreme Sellers across the board, but have now switched to the Buy side, per Michael Santoli of Barron's. Only the fullness of time will validate their actions!
The current accepted wisdom of the majority of gurus and pundits is that Healthcare stocks will rule this decade and that dividend-paying large-cap stocks (mainly cyclicals) will dominate whatever market we find ourselves in.
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