It’s just flat out ugly out there in the…
It’s just flat out ugly out there in the stock markets today, with higher-beta tech leading to the downside. (Higher-beta means that the stocks are more volatile on most days than the broader stock market indices). I’ve been steadily putting money to work today, as I’d noted I would earlier. I’ve purchased Celestica and Nuance and shorted LPS. I might do another round of buying this afternoon if the markets really get hit into the final hours of the day.
Then again, I could panic over these headlines instead:
Stocks’ losses bump along
European debt jitters spark broad-based U.S. selloff
Bears remain firmly in control, with fears over the state of the global economy — and Europe in particular — acting as Monday’s catalyst for selling in stocks right around the world.
• Oil slides as Europe debt worries resurface | Euro falls to lowest since March
Na. Let’s put money to work.
