The "Generalist" & Eric NuttallFirst I will say this is only my opinion.;
1. I believe "Sophisticated" investors will be back to Canadian O&G and have started showing up
2. I don't believe "Generalists" will show up, and if they do they will be looking for high risk/reward stocks
3. In order to move the large caps you will REQUIRE a large amount of generalist. Funds etc won't be enough...not sure enough generalists will show to the party
4. If this is true small caps which switch to buybacks will out torque large caps
Think of the amount of generalists that need to show up to move SU.....might as well by XOM.
Anyhow just my opinion but I see some people talking about how they shifted this morning.
I believe they will regret that decision.