Down sharply on triple average volume on a day when the overall market soared looks bad. My feeling is that this will prove to be a good buying opportunity for folks with some inner strength and fortitude who are looking for an excellent yield and modest capital growth potential.
The reason for the sell-off is that Obama appointed a new head of the Tobacco at the FDA. The guy is an extremist/do-gooder kind. It spooked the market since the FDA is currently reviewing if menthol cigs pose a risk to public health.