Monday, January 30, 2017
Barron's Boast of "Next Stop Dow 30,000" Sinks the Markets?
It is well documented over the decades how overly euphoric magazine covers tend to identify market tops while doom and gloom covers identify market bottoms (contrarian indications). On the weekend, Barron's proclaims, "NEXT STOP DOW 30,000." Is this the kiss of death for the stock market? Humorously, equities retreat today. Perhaps Barron's unwittingly called a market top?