1/31/11

Interesting indicator from the Fed

This indicator shows the number of loan officers tightening lending standards (click on the chart to enlarge it).

Why is it interesting? A declining percent of lending officers tightening lending standards is associated with the beginning of a bull market in stocks.

An increasing number of lending officers tightening lending standards is typically accompanied by the beginning of a bear market.

They see things we do not.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked second best gold timer by Timer Digest

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.

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