This sector has to be the worst performing in every sector imaginable. Bought in the Fall of 2008 and bailed out last year at almost the same cost. So much for a improving global economy. The glut of new ships will kill this sector for years to come. I should have sold all when it almost hit 9 several years ago.This sector has had to break some sort of record being in this this dry ship sewage sinking to new lows. What is the record for a sector to be out of favor? This sector had to beat everyone even realestate which is starting to come back.
Speaking of sectors, WMB may interest some as a play on domestic midstream natural gas infrastructure. Price is down after an announcement of an equity sale to purchase more gathering/processing/transmission systems in several shale gas/oil areas. The company projects a 20 percent increase in dividends during 2013.