Sotheby's (BID -2.4%) is off 22% since early April, action that could raise a red flag for the...

|About: Sotheby's (BID)|By:, SA News Editor

Sotheby's (BID -2.4%) is off 22% since early April, action that could raise a red flag for the economy and the stock market, Joe Weisenthal believes. Sotheby's is an infamous hyper-cyclical stock, with a history of hitting extreme peaks before big downturns and then collapsing during economic dropoffs.