Users: LZ: 20160823msex.png

20160823msex.png

New Jersey water suddenly collapsed in value, or the utilities bubble is over.

Comments

.01255.01255
The utilities shall lead the way. Behold. 
 
Next measure to fail as we reach the summit shall be the SOX. 9 WEEKS straight up. Watch. 8/23/16
Mr. WizardMr. Wizard
Keep in mind this is a tiny company that serves a small fraction of the potential customers in the Tri-State area. Several other water companies operate in the area. 
"Middlesex Water Company provides regulated and nonregulated water, wastewater and related services to a population of over 450,000 in New Jersey and Delaware." 8/23/16
DinkDink
I believe that interest rates have bottomed (bonds topped) and utilities topped as well. I have called a major generational top in bonds (bottom in rates) very recently, near the highs, and I am sticking with it. The process may take a long time and bonds may just meander in a range for a while, but upside progress is likely over, as far as I can tell. 8/24/16
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