Thursday, March 17, 2005

LEI DATA

February index of leading indicators rose 0.1%.
Key Factors
Only the 3rd gain over the last 9 months -- very deceiving perspective on the strong, broad-based economy running at 4%.
In Feb: 4 declines, 5 gainers and one unchanged.
Workweek with the strongest decline followed by the interest rate spread, building permits and consumer expectations.

**Market is grossly oversold, let's see what it can do. Fri is triple OPEX day.

No comments: