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"I have no doubt that WLI is showing historic growth. But it is coming from very low levels."
Oct 15 10:35 am
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All Comments by Kirk Lindstrom »Why the ECRI Is a Good Economic Indicator [View article]
WLI growth rate was more than telling. One of my older charts is here
forbestadvice.com/Mone...
I'll try and update that with a more current chart later today, maybe with the market price on the chart. Key point is the WLI growth has SURGED way, way above the old highs.
You can see it had already fallen off a cliff by Jan 2008. I used its decline to lower my allocation to equities several months earlier AND I used its bottoming in Dec 08 and higher low in March 09 to increase allocation to equities.
NO INDICATOR is perfect, but WLI growth seems to provide useful clues.