One famous example is Business Week’s cover story “The Death of Equities” just before the great bull market began in 1982 (click chart to enlarge).
In order for the indicator to work, it should be a general interest magazine or newspaper. Trade journals such as Computer Reseller News reflect the point of view of industry insiders and are generally more timely. Local newspapers can also work.
(Dallas Morning News, Via Thomson Dialog NewsEdge) Jun. 10–While Dell Inc. got blindsided by changes in the market, the Texas computer giant’s competitors made gains.
Hewlett-Packard Co., the current darling of Wall Street’s technology investors, has chipped away at Dell’s dominance. And others are threatening to gain ground.
Dell’s rivals positioned themselves in segments of the market that were growing. Dell, meanwhile, didn’t move quickly enough to take advantage of those surges, analysts say.
“They’re not getting their fair share of growth,” said Roger Kay, president of Endpoint Technologies Associates, a research firm.
DELL 1-yr chart: