Shows percentage

returns. “One has to be very selective in this market and not get suckered in,” he says. “I’m not in a rush. I am biding my time as far as financials are concerned.”

O’Neill is looking for entry points back into the energy and materials sector, but is only buying in “a little bit”. “We are on the look-out for opportunities on bad days. “Overall we have taken a lot of risk off the table. We are not quite ready to go back in. It’s too early to call the bottom of the market.”