#48: Jim Stack On Charting A Course Through Stock Market Rapids
Superinvestors and the Art of Worldly Wisdom
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The Divergence of the Dow Jones Utility Average
A healthy bull market has the entire market moving in tandem. When blue chips are hitting their highs, and you're seeing these other indexes not hit their highs, it's just one of those things that makes you go as Grant Williams would say, hmm, you know, it's not a good indication. And if they continue to worsen over the balance of this year, it might be an indication that this market is in a topping process. That doesn't guarantee that we're not going to have a bear market, but it means that this is perhaps most interest rate sensitive market in our lifetime.
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