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However, the past year's relentless evidence of economic recovery and better times ahead has finally hit the market's funny bone so that one economically sensitive stock after the other is headed upward.
The discussions resulted in development of improved conservation measures such as larger minimum scallop shell height and a more restrictive total allowable catch in the sensitive stock areas.
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But until then, he predicted, economically sensitive stocks will fall.
The stock market weakness yesterday was concentrated in economically sensitive stocks.
Economically sensitive stocks, led by Caterpillar and Ford, dropped 2.53percentt, according to Morgan Stanley's cyclical index.
The Dow's recovery was helped by strong performance from economically sensitive stocks.
"Interest-rate sensitive stocks went out of favor and tech came back in".
But interest rate sensitive stocks were lifted by the Bank of England's move.
Yesterday, however, even economically sensitive stocks continued to be plagued by profit taking.
If the Fed waits until year-end or early 2005, economically sensitive stocks are likely to do well.
The only catch is that investors must be willing to bet on economically sensitive stocks to capture those payouts.
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