A Gloomy Day

Dreary day for the bulls. It's almost as if the first quarter didn't occur, or that it was all phony and the market is now showing its true colors. Tech was bad in the first quarter -- and, well, it's real bad again now. The materials were horrible; they were even worse Monday. But today the sellers are getting to the food and drug stocks, as well, with the exception of Allergan (AGN) and new name Pinnacle Foods (PF). Plus the transportation stocks are getting crushed.

Were these all propped up in the first quarter? I don't think so, but there was always enough money coming into this market to support a name like UPS (UPS), even when FedEx (FDX) blew up....105 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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