One change we need is addressed correctly above: government policies need to be counter
cyclical during boom times — no nation wants to be hamstrung by the pro-cyclical «Bling Standard» — government systems should be counter-cyclical.
The low beta, or relative risk and performance to the market, will show that these stocks tend to either perform better - or at least not as poorly - as
cyclical stocks in bad
times and will usually not be most investors» focal points
during the
boom part of the business cycle when investors are busy chasing technology stocks and high - growth companies.