High-Beta Stocks Collapse

 | Sep 15, 2014 04:17PM ET

High volatility stocks took a beating Monday as investors looked to reduce risk. The Federal Reserve will release its FOMC Policy Statement on Wednesday at 2pm ET and Scotland will be voting on its independence on Thursday. There is worry and an expectation that the Federal Reserve will adjust its language to insinuate that an interest-rate hike is closer than the market thinks. If Scotland's vote for independence passes, it will make waves in the currency and debt markets. With markets near all-time highs, smart traders are selling high beta names like Netflix (NASDAQ:NFLX), Twitter (NYSE:TWTR) and Facebook (NASDAQ:FB).