Contrarian Alert! There is a new ETF that concentrates in the smartphone companies.The smartphone business is hot. Everyone seems to have an iPhone or Droid phone these days.
But I remember the hype in early 2000 about the B2B companies and the mutual funds that came out investing in that sector. How'd that work out? Well, pretty good, initially. But then, the bottom fell out in the bear market.
So, what does it mean this time?
Who knows... But it is interesting to watch this happen after we've had the 2-year bull market.