The major indices are have not made any progress over the past 3 months. Most people only watch the Dow Jones Industrials Average (30 big-cap stocks) or the S&P 500 Index (500 stocks). By looking at those two charts, you would see that both indices actually made new all-time highs this past August. However, since making its top two months ago, the S&P 500 index is now where at the same level it was in May 2015. The much broader and more important NYSE Composite Index (over 2000 stocks) is currently where it was in April 2014.That’s 2.5 years with no gain. Read more about our current market outlook in our complimentary Market Contrarian newsletter, available now. Visit http://bit.ly/DCR3Qnewsletter to download your complimentary issue!
5. DohmenCapital.comHedgeFolios.com
• Since making its top two months ago, the
DJ-30 and S&P 500 index are now at the
same levels they were at in May 2015.
• The much broader and more important NYSE
Composite Index (over 2000 stocks) is
currently where it was in April 2014.
That’s 2.5 years with no gain.
• The NYSE is now down 6.7% since its high in
May 2015. The chart of the NYSE is incredibly
telling of what’s ahead
Conclusion:
