The advent of new technologies like hit-to-kill missile seekers and advanced signal processors greatly increased the defensive potential of the system while reducing the dangerof collateral damage.
The dangersignal for technology and financial services at the end of last year, for example, was that their weightings had each reached almost 20% of the market.
With my indicators on a sell signal for bonds since August 16, I have been warning about bonds being overbought and in dangerof rolling over into a serious correction for several months.