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Traders work on the floor of the New York Stock Exchange March 19, 2014.
Traders work on the floor of the New York Stock Exchange March 19, 2014.
(BRENDAN MCDERMID/REUTERS)

Investors rotate into cheaper stocks in erratic market

Some market watchers think there is a good reason the stock market has been jolting recently between rally-euphoria and correction-dread: Investors are rotating out of the flashy big winners and into cheaper, less-loved stocks.

It’s a comforting thought as more nervous types look for evidence that the bull market is sputtering after five years of gains and an overall move of 180 per cent.