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With the S&P Industrial sector down 38.5% for 2008 investors have for the most part steered clear of this manufacturing-driven area of the market. With housing companies relying on things like transportation volume government spending and fresh construction projects it’s hard to imagine that there is high confidence in the the air.

Many made the mistake of overweighting industrial companies on a valuation basis in the fall of 2008 and major losses were incurred as a result. Now in the new year is the global picture really as bad as it has been made out to be? I believe the answer is “probably not ” and encourage you to consider industrial companies in 2009.