Typically, after a multi-years’ downturn such as occurred in the early eighties and the early nineties and such as we’re just coming out of now, when the market turns, appreciation goes into its own multi-year climb. Even though the market … Continue reading →
Waiting for the Other Sheep To Drop… Or Not
Does anyone really know what’s going on? Despite the gloom and doom of my recent posts (Waiting for the Other Sheep to Drop, Alphabet Soup: What Shape will the Recovery Take?), the latest publication of the Conference Board’s Leading Economic Index (LEI) on Tuesday trumpets: “Fifth Consecutive Increase!” The LEI is supposed to predict economic activity approximately 6 months into the future, so you’d think that a five-month run would mean it’s time to celebrate, especially given what looks like the impressive bounce shown in this graph. ...