• Dow Theory

    • Dow Theory Trends
      Dow Theory lays out the basic principles of technical analysis, identifying trend changes and bull and bear markets.
    • Dow: Dividends & Earnings
      Charles Dow believed that stocks yielding below 3.5% were over-priced. Nowadays, we use Robert Shiller's CAPE or PE based on highest trailing earnings.
    • Warren Buffett Indicator
      Warren Buffett's indicator and the price-to-sales ratio for the S&P 500 avoid distortions from fluctuating earnings and profit margins.