In studying the charts tonight, one conclusion is certain: the market has no intention of making this one easy right now. I can see at least half a dozen viable short term counts in the charts tonight. And then, just as…
The Foreseeable Future
Even if the optimists are right in arguing that the U.S. economy is experiencing some sort of a rebound (that’s a big “if,” by the way, that I don’t agree with), it doesn’t take away from the fact that man…
The rebound raised more questions that it answered. The cycle picture is tangled mess. Because of the rally new potential uptrend channels have formed, and…
October 28, 2011, 11:07 AM ET.
Green Shoots? ECRI Leading Index Ticks Up.
By Mark Gongloff
ECRI Weekly Leading Index rolling growth rate. Click for big image.This could be nothing, but the Economic Cycle Research Institute’s weekly leading index…
The market opened at support on an extremely weak opening yesterday. Support held and the rebound was on. It is continuing this morning. Indicators are…
ECRI: Not Quite A Recession Yet, But No Rebound Either
Also Sprach Analyst | Aug. 29, 2011, 5:23 PM
Lakshman Achuthan, the economist at Economic Cycle Research Institute (ECRI), has been rather accurately in the past for calling the major turning poi…
“Durable Goods Orders Rise 4%,” blared the headlines this morning. There was just one minor problem with that. It was not true. It represented the…
Professor Robert Shiller, one of the founders of the Case Shiller Index has made recent headlines by stating rather calmly that home prices will likely fall another 10 to 25 percent in the upcoming years. Of course, this can happen either through a…
Investors, already worried about the struggling economy, will be biting their fingernails as they wait to see whether the U.S. government will default on some of its obligations.
That ugly process is likely to be …
And soon it will end. Then what? The Treasury calendar was heavy this week, with 3 and 10 year notes and 30 year bonds auctioned…