Market Edge writes: First, an airplane simply vanished. The MH370 is yet to be found. The assumption is that it has crashed but no one has ever seen a wreckage which even remotely is linked to the plane.

Second, we have 13 planes that go off radar in Europe on June 5. No one knows why

Third, a Iraqi Warlord released by the US (for unknown reasons) is now capturing Baghdad and taking over Oil.

It does seem the woes for airline industry has been building up and investors seem to have decided that it is time to get out of them. We saw an average 10% correction in airline stocks. Something tells me this is the start of a major correction in all high beta stocks. The damage yesterday has to be telling for many funds and they will try to book profits in other sectors.

Here is the list of stocks most damaged yesterday carnage.

By Market Edge

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EdgePip.com is stock research firm which believe in value based investing but using powerful algorithms to read the market trend. Steve, who runs the trading portfolio has over 10 years of experience at hedge funds and private equity firms around the world.

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