Jan 5, 2016

Dow Jones Transportation Index: Officially In Bear Market Territory

The Dow Jones Transportation Index continues to get crushed, again the weakest index on the day. We are down more than 20 percent from last year`s high. We are officially in bear market territory in the Dow Jones Transportation Index and do no try to blame this on weak oil prices. This is all about the economy and economic weakness as these are economically sensitive stocks and that is why they are suffering.

Related stocks: FedEx Corporation (FDX), Union Pacific Corporation (UNP), United Parcel Service, Inc. (UPS), Norfolk Southern Corp. (NSC), CSX Corporation (CSX)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

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