Watching the Wilshire and Shanghai
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Back in February I shared a commentary suggesting that the Wilshire 5000 and the Shanghai Composite peaked at the same time in 2011 and could well be doing the same again in 2012.
These two indexes were reflecting that from a portfolio allocation perspective, lower risk asset exposure should be beneficial to protecting values.
The chart below reflects that two of the broadest stock market measures in the U.S. hit key resistance 5 weeks ago and continue to struggle with these levels. One of these lines dates back to the 1999 highs.
(c) Kimble Charting Solutions