We trade price… period. But when something interesting pops up, we pay attention. When it’s REALLY interesting, we share it with our readers.
This link takes you to a chart that is, at best, scary to fundamental investors. Dow Theory (and recent performance) suggests that the current divergence between the Dow Jones Transportation Average and the S&P 500 Index is unsustainable.
We are not making a sell call…that’s not our job. But as Elmer Fudd might say, “be vewy, vewy careful…”
- ‘Dow Theory’ Suggests Caution Ahead (blogs.wsj.com)
- Mark Hulbert: The meaning of the Transports’ weakness (marketwatch.com)