The Investor Preference Index by Cyril V. Smith Jr.
ARTICLE SYNOPSIS ...This indicator, a long-term stock market investment tool,
compares the performance of the S&P 500 to the New York
Stock Exchange index to measure sentiment. The theory is
that investors have a preference for certain types of invest-ments, blue chips versus mid-cap, during phases of a bull
market. See what this indicator says lies ahead.
No financial topic has evoked more
interest in recent years than predicting
when the current bull market
in stocks will end. On one side
of the argument are the buy-and-hold
adherents, whose methodology
has scored remarkable success
since the early 1980s. To