Even utility stocks aren't all that inexpensive, at an average of 14 times earnings.  But the two groups represent a further step in defensiveness.
the market is in for rough times
If gold stocks and utilities continue to lead, it may signal that the market is in for rough times.
Even utility stocks aren't all that inexpensive, at an average of 14 times earnings.  But the two groups represent a further step in defensiveness.</s>If gold stocks and utilities continue to lead, it may signal that the market is in for rough times.</s>the market is in for rough times