A reader (Chuck) sent in these two charts, and they seem to further make the case:

wli_chart

Compare the chart above of the leading economic indicators, with the following chart of the major indices:

Click for larger graphic
moving_avg

Looks like the leading indicators actually led the market down.

Category: Finance, Politics

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

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