Bed Time Stories. First Story. 29/12/09

O.K. Kiddies. Listen up. Here's the first of your bed time stories tonight.

You all listened to the news on the ABC and you heard how wonderful the stock market was today. Right? Right.

The market was up today. Right? Right.

And the ABC told you that the market was up on the back of strong banks and miners. Right? Right.

So - just go out and buy buy buy. Right? Wrong.

Let's just have a look at what did happen today.

The XAO was up 1.1%. Good.

The Materials Sector was up 1.1%. Good.

The Financial Sector was up 1.2%. Good. The Financials did better than the market. Good.

But what were the best performing sectors? Did I hear someone from the back of the class ask that question? What an intelligent child!

The best performing Sector was Consumer Staples. Up a whacking 1.6%.

The second best performing Sector was Telecommunications. Up a whacking 1.5%.

The third best performing Sector was Utilities. Up a goodly 1.3%.

hmmmmm.

Now, tell me kiddies, what do all these sectors have in common?

That's right, Little Johnnie, they're all Defensive Sectors.

Now Kiddies. What question are you going to ask Mum and Dad tonight?

That's right, Little Johnnie. You're going to ask Mum and Dad: Is it time to take some profit off the table?