Tuesday, February 21, 2012

Evening Thread

The talking heads on the TV were focused on the Dow Jones 30, and in the meantime about 5000 other stocks were trading. The major indices finished essentially flat.

We are presently seeing less correlation than we saw much of last year: some stocks are going up while others are going down. In normal times, this would be healthy. Sector rotation or something. BIDU shown above: too late to sell, probly too early to buy.