Thursday, March 26, 2015

Stock Market: Lacking Leadership

There was just a lot of hot money that came into the market last week into semiconductors (Market Vectors Semiconductor ETF : SMH) and biotechs (iShares NASDAQ Biotechnology Index ETF: IBB) and that has to find a new home. The airlines obviously do not go up on days like today with twin negatives (higher oil and lower market). I just think that we lack leadership here.