So far the Dow has avoided a major correction and I’m not talking just 10% to 15%. If we compare the Dow to the Housing sector in general there has been a time lag between the two over the past 10 years. In the chart below I’m using Centex (CTX) to represent the Housing sector versus the Dow. In the late 1990’s CTX went through a correction (points A to B) however the Dow continued higher (points C to D). Then right around 2000 CTX bottomed and began to rally strongly (points B to E) through 2002 while the Dow peaked and&nb[...]
Read More...
[Source: The Money Blogs]
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment