A Pair of Bright Spots
Growth investors are getting a clear message from the market: Don't buy. Contrary to popular belief, now is not the time to try to catch former high-flyers on sale. Many will put in bottoms at some point, but others won't. The bottom line is that it's still too early to tell which ones will be left standing after the selling runs its course.
During a market downtrend, most stocks will follow the market lower. A small number of growth stocks have been falling lately due to dire business outlooks and deteriorating fundamentals. Most others, though, have been hit by profit-taking. The strongest ones will eventually firm and start to retest former highs thanks to fresh bouts of institutional buying....440 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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