These Stocks May Just Defy Gravity

`This market is wild," says investment manager Rob Lyon as he peered into his computer screen on Oct. 6. The Dow Jones industrial average swung like a pendulum from a 140-point gain in the morning to a loss of 60 by afternoon and back up with a gain of just 16 to close at 7742. Fortunately for large-cap value investor Lyon, he repositioned his core holdings last spring and summer: He sold technology, basic-industry, and capital-goods stocks, and bought into shares in the consumer-products, health, and telecom sectors.

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