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Economic Indicators
Posted on October 09, 2008
Long Term IndicatorsThis indicator set started turning negative over the course of 2004and bottomed in terms of breadth in October, 2007. Since then, itbegan to inch along positively, and turned robustly positive over thesummer of 2008. The timing of economic turns is hardly precise, butthe best guess now is that the domestic part of the US economy willenter recovery mode in the spring of 2009. In turn, I would have torate the development of a cyclical bull market in stocks as still acouple of months away based on long term considerations.Looking at the key indicators -- short rates, trend of ...
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