1.   Companies with solid earnings growth could well be the best performers, while funds that rely on the most fashionable momentum stocks could be in for the roughest time.

2.   Conventional wisdom says value stocks are less risky than growth stocks, while momentum stocks carry the highest risk.

3.   For example, anyone who bought mostly momentum stocks is in a lot of pain right now, he said.

4.   He also tries to steer clear of momentum stocks, whose prices can surge on speculation.

5.   It was a function of the high prices investors put on popular tech stocks and how quickly they abandoned those momentum stocks at the first hint of bad news.

6.   Momentum stocks are those whose earnings or prices, or both, are rising rapidly.

7.   Momentum stocks may also make the cut.

8.   Then you have the mega-capitalization momentum stocks whose valuations are very extreme relative to their earnings growth rates.

9.   The momentum stocks were creating easy gains and they got all the attention and the recommendations too.