Notice how over the past half century the lead time this indicator has given prior to a recession and related market sell offs.

Leading Economic Indicatorsecri_li.gif
Source: Chart of the Day

As long as leading indicators remain strong – and confirms the overall market breadth – our intermediate term bias remains bullish, despite any immediate short term choppiness.

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Quote of the Day
“We are handicapped by policies based on old Myths rather than current realities.”
-James William Fulbright

Category: Finance

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