Going into 2013 there is no doubt that you should own equities. The mean reversion regime is even more pronounced in individual equities in the first quarter. The well-known strategy going into the first months of a new year is to buy last year’s losers and sell the winners. That is still the strategy in this quarter too. Some of the losers were Hewlett Packard (HPQ:xpar) and Peugeot (UG:xpar) which makes them good mean reversion candidates. Winners like PulteGroup Inc (PHM:xnys) and Bank of America (BAC:xnys) might take some losses and are also worth taking a a look at.