Wasnt it for Europe, we would probably have a X-mas rally.
Looking at M2, which I believe is an important factor in the
calculation of the black box ECRI, ECRI has more room on the
upside. M2 is leading ECRI with 9 months, probably with the
assumption that growing money supply creates GDP growth with that
time lag. (Chart 2)
ECRI on a buy signal
Posted by lebow on 27th of Nov 2011 at 05:05 am
ECRI goes on a buy signal in MACD (chart 1).
Wasnt it for Europe, we would probably have a X-mas rally. Looking at M2, which I believe is an important factor in the calculation of the black box ECRI, ECRI has more room on the upside. M2 is leading ECRI with 9 months, probably with the assumption that growing money supply creates GDP growth with that time lag. (Chart 2)
very interesting.. thanks for sharing
Posted by ruscitti on 27th of Nov 2011 at 08:33 pm
very interesting.. thanks for sharing