The above graph shows the coincident-to-lagging indicator (click on the chart to enlarge it) (source: Zerohedge). I discussed this guage in my book Profiting in Bull or Bear Markets. It is an important leading indicator of the economy. And right now it is pointing south.
If this ratio is right we should see weak commodities and lower yields.
Let's see. Time will tell.
George Dagnino, PhD Editor,
The Peter Dag Portfolio.
Since 1977
2009 Market Timer of the Year by Timer Digest
Portfolio manager
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