- A stock or bond that is widely believed to be an indicator of the overall market's condition.
- The Nuttall Encyclopedia
BELLWETHER. The chief or leader of a mob; an idea
taken from a flock of sheep, where the wether has a bell
about his neck.
- The Devil's Dictionary (Ambrose Bierce)
Bell"weth`er (&?;), n. 1.
A wether, or sheep, which leads the flock, with a bell on his
neck.
2. Hence: A leader. [Contemptuous]
Swift.
- Webster's Unabridged Dictionary (1913)
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The correct spelling of this word ought to be: Bellwether
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