Bears say the easy money has been made in so-called defensive shares should the world slip into a recession. Bulls favor companies with faster earnings growth and cheaper valuations. The last time household-goods producers were this expensive versus the MSCI World, stocks were about to begin an advance in which bank, mining and industrial stocks jumped more than 137 percent, while consumer staples rose 76 percent.
Stock market bulls and bears agree on at least one thing. The highest valuations for makers of household goods since 2008 signal the best is over after the industry rose more than any other group this year. http://www.bloomberg.com/news/2011-10-16/bulls-converging-with-bears-on-consumer-stocks-as-valuations-at-2008-high.html -- Follow positif01indo on Twitter: https://twitter.com/#!/positif01indo
