Looking in All the Wrong Places: Why Global Equities are Set to Collapse (Part 2)

Looking in All the Wrong Places: Why Global Equities are Set to Collapse (Part 2)

Last Thurs in this post we explained that we felt that the DAX was foreshadowing a major global equity collapse along the lines of that witnessed in 1937 or 1974. In that post, we used this analog to justify┬áthe point…...

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Transports Have Put in a Major, Secular Peak vs. the Broader Market

Transports Have Put in a Major, Secular Peak vs. the Broader Market

In the chart below note that in late Dec-14 the ratio of the DJ Transportation Index vs. SPX hit ~4.40, a level that has historically been consistent with major, secular peaks. Historically, such peaks have resulted in Transports under-performing the…...

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