Every market sector has a lot of good companies in it.

Really they're companies with consistent price performance, ... In other words, it's better than the S&P and consistent earnings performance.

It will eventually slow the growth rate of earnings. Therefore you should own companies with low price-earnings ratios, not high price-earnings ratios.

There have been a lot of high-profile companies taking a lot of extraordinary drops. When things go south for a company, they really go south.