They see the biggest values in cyclical and industrial stocks, his son said.

Both issues, he said, sell at about a 30 percent discount to the average industrial stock.

A lot of money will have to be invested in industrial stock, streets and railways.

The transportation stocks have been leading the industrial stocks lower for the last two weeks, he noted.

During those initial six months, the industrial stocks rose 17 percent, on average, while the index gained 10 percent.

Also, a lot of these industrial stocks that are getting some more money are moving because they don't have big market capitalizations.

It was the second straight increase in the Dow Jones average of 30 industrial stocks, which shot up 26.38 points, to 3,275.49.

Now the old industrial and consumer stocks are moving up to rank among the largest companies in the Nasdaq stock market.

You have to ask yourself, why should basic industrial stocks suddenly outperform?

Created over 100 years ago, the index was originally intended to capture the movement of important industrial stocks.