Net ETFs Accelerate Decline
The bottom opened below
the Net-focused exchange-traded funds Tuesday in a broad sell-off that left not
a single U.S.-focused ETF in the black.
One suggestion of a silver lining: the complacent-to-optimistic investor sentiment that has prevailed throughout this bear market showed signs of erosion. The CBOE put-call ratio moved up to 0.99, not dramatic but a move in the right direction.
The B2B Internet HOLDR
(
BHH |
Quote |
Chart |
News |
PowerRating)
tumbled 20.0%, the day’s sharpest loss among the exchange-traded funds. Among
its components, Ariba
(
ARBA |
Quote |
Chart |
News |
PowerRating) crumbled 86.6%, FreeMarkets
(
FMKT |
Quote |
Chart |
News |
PowerRating) 47.0%,
CheckFree
(
CKFR |
Quote |
Chart |
News |
PowerRating) 13.1%.
The Internet
Infrastructure HOLDR
(
IIH |
Quote |
Chart |
News |
PowerRating) fell 15.1%, the Dow Jones Internet iShares
(
IYV |
Quote |
Chart |
News |
PowerRating)
14.1%, the Broadband HOLDR
(
BDH |
Quote |
Chart |
News |
PowerRating) 11.5%, the Internet HOLDR
(
HHH |
Quote |
Chart |
News |
PowerRating) 10.6%,
the Software HOLDR
(
SWH |
Quote |
Chart |
News |
PowerRating) 10.0%, the Internet Architecture HOLDR
(
IAH |
Quote |
Chart |
News |
PowerRating)
8.3%, the Nasdaq 100 Tracking Stock
(
QQQ |
Quote |
Chart |
News |
PowerRating) 7.7%, the Technology SPDR
(
XLK |
Quote |
Chart |
News |
PowerRating)
6.8%.
The breadth of selling
could be seen in such non-tech funds as the cyclicals, financials and
industrials. The Dow Jones Industrial iShares
(
IYJ |
Quote |
Chart |
News |
PowerRating) fell 4.7%, the
Industrial SPDR
(
XLI |
Quote |
Chart |
News |
PowerRating) 4.1%, the Dow Jones Consumer Cyclicals
(
IYC |
Quote |
Chart |
News |
PowerRating) 3.5%,
the Financial SPDR
(
XLF |
Quote |
Chart |
News |
PowerRating) 3.4%, the Cyclicals-Transportation SPDR
(
XLY |
Quote |
Chart |
News |
PowerRating)
3.4%, the Dow Jones Financial Services iShares
(
IYG |
Quote |
Chart |
News |
PowerRating) 3.3%.
