A bellwether is any entity in a given arena that serves to create or influence trends or to presage future happenings.
The term is derived from the Middle English bellewether and refers to the practice of placing a bell around the neck of a castrated ram (a wether) leading its flock of sheep. The movements of the flock could be noted by hearing the bell before the flock was in sight.
2 comments:
Allan, since youre a follower ('believer') of Prechter and his elliott wave projection....does that also mean you think gold will plunge along with the greater market in catastrophic manner,the way Prechter believes? This would seem to contradict your idea about owning gold and miners.
Re: Gold
While I am in agreement with the stock market analysis form Precther, I'm skeptical about his Gold analysis, as it seems to me that we are smack dab in the middle of a 20 year bull cycle in gold. You can view this "bull cycle" analysis at:
http://www.ttheory.com
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