The Water Utilities Industry has declined by almost 20% compared to its combined market capitalization a year ago. It is one of the few parts of the economy that has done worse than the general S&P 500 Index. The decline during the first half of June 2008 has been terribly steep. Is there any relief in sight?

In a volatile stock market, there are merits in taking on a short-term investment approach because all stocks, regardless of their underlying fundamentals, can plummet. Varying your trades and preserving your capital allows you to have a piece of mind and belief in your own abilities.