Today's moves in the stock market say a lot about the psychology of investors right now. Read most market commentary, and you'll find two conflicting trends. On one hand, pockets of the economy are starting to look a little better, albeit well below full strength. Yet it seems as if investors would somehow prefer it if the news were really bad, because they'd then think that the Federal Reserve would have no choice but to take additional action to stimulate economic growth. As is, the tepid recovery has thwarted hopes of Fed intervention and, as a result, the Dow Jones Industrials
The biggest losers among Dow components all faced bad news today. As I mentioned earlier today, Hewlett-Packard
But, looking down the list, you'll find a host of stocks falling for more general reasons. Alcoa
Similarly, JPMorgan Chase
Finally, even some defensive stocks did poorly. Coca-Cola
Four days in a row
The Dow now has a fairly lengthy losing s treak, but don't waste time worrying about that. The important thing is picking the stocks that will be long-term winners. We've found some great prospects and put them in the Motley Fool's special report on the Dow, where you'll learn about three Dow stocks tailor-made for long-term investors. The report is absolutely free, so just click here and get your copy today.
Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. You can follow him on Twitter @DanCaplinger. The Motley Fool owns shares of JPMorgan Chase and Coca-Cola. Motley Fool newsletter services have recommended buying shares of Coca-Cola. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.