Will History Repeat? ECRI’s Recession Call
by: John Helzer November 20, 2011
I have followed the Economic Cycle Research Institute’s public pronouncements and Weekly Leading Indicator (WLI) for years. They forecasted the 2001-2002 and the 2008-2009 Recessions perfectly. On September 30, 2011 they made public another recession call that they had distributed to their paying customers on September 21, 2011. Typically ECRI will issue a warning and then an “Inevitable” recession call.
So how good have their recession calls been?
We may be skating on very thin ice here, but the weight of the evidence still supports a weak bull case for the near to intermediate term. So I’m adding buy picks on the chart pick list and adjusting trailing stops to account for the risk.
These reports are not investment advice. They are for informational purposes, for a broad audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance.