Putting This Selloff in Perspective
A year ago, we took off like a bat out of hell, and then we ran smack into what can only be called a bear market. We had the industrials crater, the banks give it up and the oils get crushed because of European woes, the latter being a total oddity, because oil never came in. The techs were awful, led by a faltering semiconductor group with a contagion that spread everywhere except for Apple (AAPL).
Once again, we have taken off with great gusto, the best rally since 1997, and it has been across the board, with the financials and techs leading the way and the industrials, such as Caterpillar (CAT) and Honeywell (HON), not that far behind,....987 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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