31.   Likewise in the equity market in the second half of last year economically sensitive stocks had a disastrous relative performance.

32.   Meanwhile, investors chose to take profits in economically sensitive stocks.

33.   Metals issues are among the most sensitive cyclical stocks.

34.   Most money managers have stuck with a strategy of buying blue chips or economically sensitive stocks like banks and telecommunications, oil, mining and steel companies.

35.   Other interest-rate and economically sensitive stocks, like those of utilities, which rely on borrowed capital for the bulk of their financing, also plunged.

36.   Other interest-rate sensitive stocks like banks advanced as well.

37.   Other economically sensitive stocks also declined.

38.   Other big losers were stocks sensitive to interest rates, such as financial services stocks.

39.   Politically sensitive stocks were among the worst affected.

40.   Rising yields make bonds more attractive than interest-rate sensitive stocks, such as banks and utilities, as investors search for the highest returns.