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  • Leading Indicators Fall!

    * Euro rebounds! * Forecasting a severe recession... * Commodities rebound! * Canadian inflation problems... ** Leading Indicators Fall! Good day... And a Happy Friday to one and all! Yesterday did indeed turn into a Tub Thumpin' Thursday for the euro, so let's hope today ends up being a Fantastico Friday! Well... The game of "your economy is worse than mine" backfired on the dollar bulls yesterday, as the Leading Indicators printed an awful number. I said yesterday that it was too bad that the markets normally ignored this data... But they didn't yesterday, as the number was so bad, they couldn't ignore it... Sort of like that spoiled rotten bratty kid throwing themselves to the floor of the grocery store, and throwing a temper tantrum because you said they couldn't have a candy bar! If you're next in line to check out at the grocery store, and you want to ignore the child, but you just can't because it's so obnoxious! Well, that's how it was with Leading Indicators yesterday... Here's the skinny......