VIDEO: John Kosar, Director of Research, appeared on Fox Business on July 20th 2011 to point out the recent relative underperformance by the Semiconductor Sector versus the S&P 500.

Kosar said that this recent relative underperformance by the Semi’s, which typically lead the market higher, was a red flag for the US broad market and warned of an imminent decline..

The S&P 500 peaked a day later, at 1347 on July 21st, and then plummeted by 245 points or -18% into the August 9th low.

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