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Foreign investors are fleeing the US market as a whole but buying individual companies. Foreign Investment has been a contrary indicator for decades. Everyone knows it. Thats the problem with well known Indicators.
Aug 23 18:26 pm
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All Comments by NOWHEREMAN »Foreigners Selling U.S. Stocks: A Good Sign [View article]
Take the old "sell in May, and go away". It has been ignored for years. But all of you want to believe in One Indicator because it points upward. The Bias is Bullish and may actually be fulfilled but I'm not going to pit one indicator over another until Foreign Companies stop buying US companies.