The Conference Board's Index of Leading Economic Indicators (LEI) posted a solid 1.1% gain in November after a revised 0.4% increase in October. The LEI has risen at an annual rate of 8.7% in the three months ended November compared with a 0.4% gain during the previous three months (ending August). The accelerated increase of the LEI implies continued growth of the economy and at a stronger pace compared with the trend seen in recent months.The economy is growing and the the latest data about the LEI suggest the economy will strengthen even further. This is good news for earnings. And stocks?
Is QE2 needed?
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked second best gold timer by Timer Digest
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