I started to blog and audioboo a few times last week and never finished. (Birthday stuff got in the way - hooray). Anyway, the comments at the beginning of the week would have painted a different picture than comments towards the end of the week.
Basically, we are seeing some ugly action. When the high flyers get sold in the midst of IPO-palooza and wild stock speculation, it usually doesn't mean good things going forward.
In addition, the market has a history of having a nasty election year correction.
Anyway, I have been rotating out of some of the losers and trying to find things near support, while still maintaining some cash. But honestly, I have taken a hit in the more speculative names the past couple of weeks and wish I would have watched more basketball and bought less stocks!
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Momentum names may see more pain
BY ANGELA MOON
Reuters - Reuters - Sunday, April 6, 2014
After their worst week in several years, high-flyingstocks that defied gravity throughout 2013 look ...
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