This is based on the data from the following link.
Take the sum of real dividends and earnings (columns J and K). Then calculate the 12-periods moving average.
You will notice that (real dividends + earnings) have been consistently declining over the past year, after growing consistently for several years before that.
Seems like a pretty big warning sign for the current stock market rally.
Submitted January 15, 2017 at 12:49PM by sidney_marcus http://ift.tt/2jN3i8j
