Investors Are Ditching Tech Stocks at the Fastest Pace Since November 2007
JPM's Parker Sees Weak Tech as Buying Opportunity
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Pigs get fat, hogs get slaughtered. Such a risk-averse adage appears to be front of mind for investors, who fled high-flying technology names at the fastest pace in nearly a decade last week.
Outflows from PowerShares QQQ Trust Series 1, which tracks the Nasdaq 100 Index topped $3.7 billion for the five sessions ending July 28, the most since early November 2007.