Tuesday, February 5, 2013

Tech was not the driver

Who read the market headlines after the close today? "The market bounced back led by tech."  Yahoo! I mean GoogleBing! As long as I am digressing, does anyone remember HotBot, Excite and Lycos? They still exist. So does Altavista but it is now only a facade for Yahoo.

Anyway, the market was led by tech, they say. How does this little list of ETFs look to you?

The tech ETF was number five on this list, barely beating the SPY itself. Retail was the leader followed by biotech and consumer staples. Housing was just a tad better than tech.

Listen up people, do your own fact checking. You are not going to get that from the media. Believe me, I know as I am on so many deadlines each week that it is very tempting to break out the Hershey's (OK, bad example. There really is no household name brand for fudge).
  • Trust but verify
  • All the news that fits, we print
  • More people get their news from the Daily Show.....than probably should

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