Paychex (PAYX) continues record earnings streak

Why has it fallen steadily from the high of 45.75 last August to 33?

I traded PAYX two years ago by the way.
 
Quote from KenL:

Why has it fallen steadily from the high of 45.75 last August to 33?

I traded PAYX two years ago by the way.

Because the economy has been rough. PAYX is heavily correlated with the health of the economy. When the economy rebounds, PAYX should jump pretty fast back up into the $40 range.
 
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