“We are all agreed that your theory is crazy. The question which divides us is whether it is crazy enough to have a chance of being correct. My own feeling is that it is not crazy enough.”
― Niels Bohr
Click on any chart to engorge it
Click on any chart to engorge it
Transports May Have Topped Again
Here's the Dow Jone Transportation Index as a percentage of the Industrials. Higher fuel costs might drive this ratio sharply lower soon. So will a global economic event set off by currency wars.
