Trends for precious metals and US stocks remain unchanged.
Zero Hedge reports that the average lifespan of US
corporations in the S&P 500 has never been shorter. Now is down to a dismal
15 years:
Do you still believe that buy and hold for individual
stocks works? This is why even when dealing with individual stocks, a Dow Theory
filter (i.e. being out of all stocks when a primary bear market has been
signaled) is a very sensible course of action.
Sincerely,
The Dow Theorist
Great point, the Dow Theory as a market filter is what I'm using it for!
ReplyDeleteAs always awesome work.
Antonio
Since show sincere interest in the Dow Theory, I encourage you to re-read the previous post: the non parametric nature of the Dow Theory puts it on a "golden league". Nothing to do with other tools to determine trends. It is like comparing a Ferrari with a Seat or Mazda.
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