By Elliott Wave International
Every time you use a new app on your smartphone, you may utter a silent prayer of gratitude for living in a post-industrial age. No more back-breaking heavy labor. Now, it’s all about technology and brain power.
But what does it mean when the Dow Jones Industrial Average enters the post-Industrial Average age? Here’s a hint from The Elliott Wave Financial Forecast that was published last October:
The Dow Jones Post-Industrial Average
Changes in the components of the Dow Jones Industrial Average don’t always come at stock tops, but they do sometimes. And when they do, the nature of the change tends to say a lot about the decline that is about to unfold. Intel and Microsoft, for instance, were added to the Dow in November 1999, a few months before the technology bubble burst in March 2000. In February 2008, four months after the Dow’s October 2007 top, Bank of America was added to the index, just as the banking calamity started to unfold. On September 10, 2013, Bank of America, Hewlett-Packard and Alcoa were replaced by Goldman Sachs, Visa and Nike. We think the timing will prove prescient again… .
Why? Get the inside scoop on what kind of leadership the financial, consumer debt and fitness sectors will provide now that they have taken their place in the DJIA by reading The State of the U.S. Markets – 2014 Edition. This 24-page report brings you all the in-depth and behind-the-scenes news that you need to protect yourself from complacency about financial markets, once you see more clearly how they are over-reaching now.