The correlation resumed when economic data turned up in the end of September, but a new divergence arose when economic data began stalling about two months ago, while stocks have been making new highs. ... consistently missing expectations ...
The average amount of time that it takes an unemployed worker to find a new job has declined slightly, but it is still far above normal historical levels.
Back in early March, the Dow Jones Industrial Average (INDEXDJX:.DJI) crossed 14,200 for the first time ever. It has continued to climb over the last two months and is currently sitting near 15,100. So far this year, the Dow Jones is up more than 15 ...
This chart is based on the 20 day moving average which moves quickly. Because it reacts quicker to recent price action it can be a great help in timing an entry point for a market top or bottom.
Just because the Dow has been setting brand new all-time records lately does not mean that everything is okay. Remember, a bubble is always the biggest right before it bursts.
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