If you go down to the woods today… November 20, 2008 at 9:36 am

…beware the four big bears. From dshort.com:

Four Bears

How low can it go? Quite a bit lower, of course. But I do sense real value in the market. For the first time in two years, I’m thinking about a cautious long of UK industrials with solid earnings. Not US, because of the currency risk. Not banks, because one big problem – like Citi needing a further bailout – could further bomb the sector. Not insurers because I distrust their accounting. And certainly not retail.

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