Monday was not a nice day on Wall Street as market takes a tumble with Internet companies leading the downfall. The Nasdaq suffered its worst three-day decline since late 2011. Utilities provided one of the few bright spots by finishing up for the day.
That utility stocks are now the best performing sector so far this year is troubling indeed. The sector has a long history dating to the 1920s of front-running volatile periods and market corrections.
http://www.marketwatch.com/story/what-keeps-bulls-and-bears-up-at-night-2014-04-07?link=MW_TD_latest
No comments:
Post a Comment