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Bird's Eye View: Monday, June 16th, 2008: A New Contrarian Indicator!
Posted on June 16, 2008
You know what the news is-- in a minute, you're going to hear the rest of the story - Paul HarveyFolks, if past CNBC market tickers are an indicator, then the verdict is in. A few short months ago CNBC had a window above the TV screen touting, Points above all time high . A few months later the DJIA fell from 14118 in October 2007 to a low of 11634 (-2484 points or 17.59%) in January 2008.The new ticker above the window on the TV screen now reads America's Energy Crisis . Alert contrarians will see this as a sign to sell energy, or at least take profits and come back another day.David Herro...
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