Transports are at new highs, but they reached new highs in 2007 just weeks before the big plunge began. too many are speculating that new highs in transports mean new highs in other indexes or a continuing "recovery". Not so.http://www.safehaven.com/article/28517/misinterpreting-the-dow-theory
I know, the drums beat for "trannies confirmed the bull market", time will tell, but a "good" correction of up to 10% could recharge the market for a continued run, although the powers that be will jaw bone to keep investros from profiting on the drop, except for stops outs at the 8% level....HBB will profit from getting those hit.
Insightful and Useful Comment!