Comments on: LEADING INDICATOR OF WHAT? http://pragcap.com/leading-indicator-of-what Fri, 19 Mar 2010 10:27:57 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Onlooker http://pragcap.com/leading-indicator-of-what#comment-1508 Onlooker Mon, 25 May 2009 13:35:58 +0000 http://pragcap.com/leading-indicator-of-what#comment-1508 Exactly. I chuckled when I saw this come out and thought about the stock market reacting to it positively. Talk about circular logic; i.e. stocks should go up because stocks have been going up. Same goes for the consumer sentiment readings.<br><br>The other part of the LEI that contributed to the positive reading is interest rates. But considering how they are being manipulated and very artificially influenced (more than usual) by Fed actions, it's hard to take that part seriously in the absence of anything else substantive. Exactly. I chuckled when I saw this come out and thought about the stock market reacting to it positively. Talk about circular logic; i.e. stocks should go up because stocks have been going up. Same goes for the consumer sentiment readings.

The other part of the LEI that contributed to the positive reading is interest rates. But considering how they are being manipulated and very artificially influenced (more than usual) by Fed actions, it's hard to take that part seriously in the absence of anything else substantive.

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