Invest with care for a prosperous year 2001

Will 2001 be a good year for value investing? Value investors enter 2001 in an optimistic mood. The stock market's long-running pre-occupation with growth stocks, and the new economy in particular, ended dramatically last year. The rally in traditional sectors has gone some way to redressing years of painful underperformance suffered by value investors. Such optimism is fragile however. Although many growth stocks did become over-rated at their peak, it is still not clear that traditional sectors are safer. Can the old economy reverse a decade of tough competition and slow growth? Wit...