Saturday, April 16, 2011

THREE BULLISH CORRELATIONS

by Cullen Roche

Here’s a fancy bit of datamining for you. Credit Suisse pinpoints three of the most important correlations currently occurring in the markets and the economy:

Global PMI’s are rolling over, but still consistent with healthy global growth
Jobless claims remain one of the very best bullish indicators for the equity markets
QE2 has had an incredibly high correlation with higher equity prices

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