I like to evaluate this chart from time to time. The red and green candlesticks are SPY and the other lines are the nine sector funds.  I ran a model for a couple years buying the four worst performers from the previous year every quarter.  It was boring and not owning energy or basic materials would have killed all hopes of decent returns. 

As you might have suspected, XLF (financials) and XLY (Consumer discretionary)  are not performing worth a darn.  The reason I  bring this chart to your attention is Abu Dhabi investment in Citi Group this morning.  At some point in time you are going to want to overweight Financial and Consumer Discretionary sectors.

I am not saying now is the time to buy XLF or XLY, it could be though.  What I am saying is here is an opportunity to out perform so keep your eyes open.  At lot of risk has been removed from the Financial and Consumer Discretionary sectors relative to the other sectors.  If you are long SPY consider swapping some for XLF and XLY as a gift to yourself in 2008.