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Live from Davos: Stocks sell off from record highs after Wilbur Ross comments on China

Stocks (^DJI, ^GSPC, ^IXIC) rally to new highs as WEF’s meeting in Davos Switzerland fires up. The financial sector (XLF) is the most in the green, and the utilities sector (XLU) is the most in the red. Joining us live from Davos, Switzerland, are Yahoo Finance’s Andy Serwer and Jen RogersAlan Valdes of Silverbear Capital joins us live from the floor of the New York Stock Exchange to talk markets.  And covering the other big stories of the day, Yahoo Finance’s Alexis Christoforous is joined by Brittany Jones-Cooper and Dan Roberts.