Bullishness is running rampant on Wall Street, with the stock market charging ahead ever since hitting its lows in March 2009. Today the Dow Jones Industrial Average hit its 48th record close this year.
Will this bull continue its rampage, goring bears along the way? Or is it time for caution?
Money Morning's Chief Investment Strategist Keith Fitz-Gerald explained in August that there is one useful technical indicator that has predicted every stock market turning point since 1985.
Known as the "Hindenburg Omen," the indicator is like a warning light on a car dashboard.
It's 90% accurate in forecasting stock market corrections in excess of 5% within 30 days of giving the signal.
And right now, it's flashing its caution light, with the fifth signal appearing in recent days. A cluster of signals appeared this past summer, too.