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Mark Hulbert: This 88-Year-Old Stock Market Indicator Is Saying You Can Relax For Now: DJU
FYI: A bullish signal in U.S. stocks is being issued by an indicator that few investors ever focus on: the Dow Jones Utility Average. That’s because this benchmark DJU, -0.46% which was created 88 years ago, in 1929, is thought to be a leading indicator of tops and bottoms in the broad equity market. And, by virtue of hitting an all-time high last week, it is suggesting that the market still has further to rise. Regards, Ted http://www.marketwatch.com/story/this-88-year-old-stock-market-indicator-is-saying-you-can-relax-for-now-2017-06-06/print
