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More on the Dow Election Year Cycle

Posted By Barry Ritholtz On August 14, 2004 @ 9:21 am In Finance,Politics | Comments Disabled

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 [1]

Looks like the leading indicators actually led the market down.


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[1] Image: http://bigpicture.typepad.com/comments/images/moving_avg.html

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