Think its quite possible the whole market takes a correction down 10%. Thinking its a good time to be out of the market to a greater extent anyway. Anaysts saying sell the rally if fiscal cliff gets moderated, are likely correct. Having said this always good to have some oil stocks with threat of supply chain interrruption due to geo-political events. glta and happy new year. remember capital preservation.
I have held my oil stocks and speculative biopharma. Rarely any risk associated with the oil companies and the risk usually associated with biotech companies dissipates when the traditional brick and mortars of wall street have uncertainty.