Pullback in technology biotech shares mimics a year-ago slide but with more warning signs ahead. The latest pullback in technology and biotechnology stocks echoes a temporary selloff last spring. But this time around, some investors are warning that the broader market's problems could run even deeper this year. The reason for this is because not only is the US economy dealing with bad weather from this past winter, but also the economy is dealing with strong dollars in the foreign exchange markets and low oil prices. As well as possible early interest rate hike by Yellen and the Fed. Neither was a problem one year ago and all of these factors are hurting corporate rate earnings. That leaves many worried that this year the trouble could be long lasting. We could be in for an interesting rest of the 2015 trading year. Beware of the rollercoaster ride.
Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.