Wednesday, September 8th, 2010
Where’s the market headed?
“The leading indicators – new orders, unfilled orders and vender deliveries all fell and point to further severe weakness in the headline measure ahead. It was the coincident and lagging indicators such as production, inventories and employment that drove up the headline number. Some of the regional subcomponents (eg Philadelphia Fed workweek) are SCREAMING that recession is imminent.”
Please leave a Comment