Monday, August 10, 2015

Might be worth reading and considering

Warren Buffett’s favorite indicator shows it’s time to unload stocks, buy bonds

Published: Aug 10, 2015 9:11 a.m. ET
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Critical intelligence before the U.S. market opens

Lucky number seven?
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.

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