It paid to heed the many mid-year warnings of bubbly utility sector valuations. After a 9.5%...

|By:, SA News Editor

It paid to heed the many mid-year warnings of bubbly utility sector valuations. After a 9.5% decline since the beginning of August, the XLU will finish the year down more than 4%, totally offsetting its yield. The sector's overvaluation left it exposed to any sort of bad news, and it got it with Sandy and the post-election realization of maybe higher dividend tax rates.