Questioning Quality

Two quick thoughts for the day....1 - Steel stocks are bouncing back from yesterday's losses and still show interesting strength....2 - Is there anyone on Wall Street who isn't advising their clients to move into "quality stocks"?

With everyone saying the same thing - you have wonder about what would happen if this didn't work out as expected. The phrases "crowded trade" and "stampede" come to mind...

For an example of what I mean by this check out this link and read the embedded links that showed how everyone on the Street loved Pfizer near the beginning of 2004...Then look at a longer-term chart...