Warren Buffett’s favorite indicator shows it’s time to unload stocks, buy bonds
Critical intelligence before the U.S. market opens
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Lucky
number seven? We’ll see. That’s how many sessions in a row the Dow
industrials have closed in the red. We haven’t witnessed a dry streak
like this since 2011, when the blue chips slumped for eight straight, a
rout that saw a 6.7% plunge
overall. The current stretch is nowhere near as severe as that one, but
it’s still stoking fears that the market’s relentless bull market is
done.
