Thursday, September 3, 2009

Finally a Portfolio Manager that gets Leading Indicators

Stone Fox Capital has been literally pounding the table that the leading indicators predict substantial growth in the the US economy. While everybody else is floundering around about the August Jobs Report tomorrow Daniel Frishberg from Laffer Frishberg is on our side that it doesn't really matter as we already know the basic data sets used to calculate the number. We also know the number can be lumpy and that the trend is definitely up. The leading indicators ultimately matters. He's looking for an ultimate run to 1,150 with a possible upshoot following our 'melt up' scenario though he expects (kinda sounds like hopes) for a correction first.


















Interview from July on CNBC Asia basically highlighting the same scenario.












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