Groundhog Day Gloom? Why the Nasdaq Is Shaking Off Phil's Shadow and Facing Reality

Punxsutawney Phil has spoken, and apparently his shadow isn't just calling for six more weeks of winter — it's also taking a swipe at investor morale. With much of the country already stuck in the icy grip of a stubborn polar vortex, patience is running thin, tempers are shorter than daylight hours, and the idea of even more winter feels like the last straw. In our entirely unscientific and wildly unofficial theory, traders glanced outside, saw the frost on their windshields, heard the groundhog's verdict, ...