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claydoctor
Jul 22, 2016 11:21 AM

DOWT trending lower Short

Dow Jones Transportation AverageDJ

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Who doesn't believe the transports tell us where we are headed? Advanced rail orders from energy companies alone are down huuuuge. No coal to ship, unless your are a ship. What will a completed pipe line do to rail orders, things that make you go hmmmm. Who is really behind the blocking of that pipeline, perhaps Warren Buffet, or anyone else who bought all that rail stock a few years ago? hmmmm. Plants use fuel yes, and transport mostly people, but rail cars are the key to economic activity and future growth. All aboard the train to a recession.
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