Transport stocks: The little engine that can’t

“The transports are at a new high, which is good. But the Dow industrials are still not close to their 2007 peak,” said John Kosar, director of research with Asbury Research in Chicago.”So either the transports are leading or they’ve gotten ahead of themselves.”

“Something is mispriced and the rally in transports seems suspect,” Kosar added. “Look at the fundamentals. The housing market is horrible. Unemployment is still high.”

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