1/2/2011： stocktalk group meeting minutes

1) General market view
Mostly up trend with possible correction before 1/31/2011; 5% correction could be good entry point; Tom from investools thinks the coming correction could be 8 -20% according to his technical analysis.

Jeff believe April to May should be a time to exit most of stock position due to the QE2 phase out and possible next round of Europe crisis due to bond mature

For earning, possibly Q1/Q4 high, Q2, Q3 low, also some believes Q1 to Q3 strong, Q4 weak.

2) Sector:
Mid and small cap should have more up space than large cap.
Oil sector is steady up, good for bull market. It should go to 100 easily. Oil has 16 times correlation to gold price
Coal is still good (XLE)
high tech should be good for 2011, but QQQQ had 4 distribution days already, could be an omen of a correction (Carol)

Banking is good fro 2011, Bac could be a star. Watch out BAC fee charge in your banking account because it is crazy about earning money from consumers now.
Health care is started, ETF include: FXH, XLV
Defense stock should be good, utx ?

Carol provided five stocks for watch list:
WEN
CSR
FCL
LLNW
LOCM

3) China market
ETF: CAF (A share of Shanghai) and FXI (Hongkong traded 25 largest China Companies)
10% drop in 2010, worst of all world market; Might be value investing timing.
Bank sector has a PE of 8 to 10; But depends on Large capital.
Best sector may still be 有色金属。 Rare earth, Copper, Uranus could be the best among it.
watch out 包钢稀土，五矿发展，湖南有色，广成有色， 中核科技 in A share and MCP in US market。