Correlation Breakdown

I'm hearing a lot of talk about how this rally is doomed. Everything from the Russell 2000 to the Dow Jones Transportation Average is diverging from the major averages. Commodities prices are falling. All of the above are being blamed for what some predict will be the demise of this rally, but I'm not so sure.

Every rally has its bears; when all the bears give up and become bulls, the end is nigh. If that is our guideline, then this market has plenty of pessimists to help drive it higher. There is still a substantial wall of worry for markets to climb, so I'll leave it to the market to decide if we are about to correct....338 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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