After today's gains, the S&P 500 has moved back above its 50-day moving average. Utilities and Telecom, unfazed by prior broad market declines, are back to 52-week highs.
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If I am not mistaken, the Utility Sector closed at an all-time high.
Posted by: Larry Nusbaum | March 22, 2007 at 12:10 AM
Larry,
The Dow Jones Utilities made new highs but the S&P 500 Utilities sector remains below levels seen in late 2000.
Posted by: Justin | March 22, 2007 at 08:24 AM