This column was originally published on RealMoney on Oct. 27 at 1:26 p.m. EDT. It's being republished as a bonus for TheStreet.com readers.LGQ, bad case of LGQ. Don't know the disease? It happens at the end of every cyclical expansion. It's when everybody says that every blowout quarter from the cyclicals, the Phelps Dodges ( PD), the Caterpillars ( CAT), the Black & Deckers ( BDK), is the Last Good Quarter, and you might as well forget what the companies say, 'cause it ain't gonna happen. Take the homebuilders. Is there anything they can possibly say that would counteract these thoughts? These stocks can't lift their heads to save their lives. Or even the oils and minerals. Nobody trusts them, nobody. Meanwhile, cellar-dwellers like the banks, which have given up even trying to tell a good story, are now bottoming. What's really happening? You are seeing the leadership change. At the risk of driving everyone to Amazon ( AMZN) or just driving everyone crazy, we are now over the top, on the way down in the cycle -- page 115 of
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