From early 2009 to early 2013, for-profit education firms (the kind that you see advertise constantly on daytime television, such as ITT Technical Institute) were getting firebombed. It was one of the few sectors that was persistently weak during the roaring bull market. Weirdly, these stocks recovered mightily through 2013 and into the beginning of this year. Why, I’m not sure – – perhaps a naive notion that these firms could “retrain” workers for better jobs? Who knows. In any case, the bear market in this sector has returned with a vengeance.
Bonus information:
