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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: patron_anejo_por_favor who wrote (81249)4/27/2007 4:53:31 PM
From: Perspective  Read Replies (1) | Respond to of 110194
 
TRAN: I was trying to understand how the transports could be holding up so well. Here's a snap of their charts sorted in descending weighting:

finance.yahoo.com
finance.yahoo.com

Shows that most of them are doing pretty well. Only the airlines and UPS seem to be showing any weakness at all. And given the price-weighted nature, the railroads are very heavily weighted.

It's stunning to me the runs that some of these old industrial companies have had. I could kind of understand the hype surrounding new tech back in the late 1990s, but old heavy industry? Are people really collectively that dumb that they can't see these margins are unsustainable?

BC