The above graph shows an uncanny indicator. It has been very timely and reliable in signaling the beginning of bear markets.
A rise in this gauge above zero reflects bearish market conditions for equities. See, for instance, what happened in 2007.
I will discuss in detail this indicator and tell my readers what it is and how is computed in the next issue of The Peter Dag Portfolio.
You cannot afford to ignore its meaning and strategic implications.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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