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re: I'm getting bored with day trading. So, I'm going to create...
Posted on 2/23/12 at 2:13 pm to LSURussian
Posted on 2/23/12 at 2:13 pm to LSURussian
quote:
LSURussian
Entergy has been going down with the market going up lately. Kind of weird. Any take on that? And the possibility of the market reaching a ceiling, could bring entergy even further lower or can entergy be a safe haven from a falling market?
1
Posted on 2/23/12 at 2:19 pm to Chad504boy
quote:I really have no idea why the market does what it does.
Entergy has been going down with the market going up lately. Kind of weird. Any take on that? And the possibility of the market reaching a ceiling, could bring entergy even further lower or can entergy be a safe haven from a falling market?
I know ETR went ex-div a few weeks ago but that probably does not explain the recent drop.
Utilities are boring for most growth oriented investors and with the market appearing to have found a risk appetite again it may just be investors who bought utilities when they thought the world was ending are now selling those shares and switching into APPL (you're welcome Scoop) and other growth stocks.
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