Thanks for the link. Interesting reading!
The guy mentions the breakdown of the Dow Transports as being one of the reasons why those who say we are about to have a rally are wrong.
I'd say that the reason the Dow Transports are all down, has in very large part to do with the higher cost of oil. You can't drive trucks or fly airplanes as profitably if you planned for one price of oil, and now you've got almost double that price a year later. As this closing in on $100/barrel oil continues, we're going to have a lot of oil dependant companies showing lower profits, and with it, a decline in those company stocks.
We'll have to see how it all plays out.
Plan on more expesive shipping costs, and plane tickets.
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