Both Transports and Emerging Markets are Diverging – Cause for Worry?
February 03, 2011 at 10:37 AM EST
Lost in the “ever upward” rally have been many emerging markets (I used a general market instrument below, but markets like India are already down 10% year to date), and lately transports. Hence we have an interesting divergence as the general indexes go one way but markets that supposedly are the global hot spots show [...]