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Ed Yardeni's Fundamental Stock Market Indicator ((FSMI) remains in bullish territory, but...

  • Thursday, March 29, 2012, 1:33 PM ET
    Ed Yardeni's Fundamental Stock Market Indicator ((FSMI) remains in bullish territory, but continued deterioration in 2 of its 3 components - jobless claims and the CRB index (GCC -1.4%) - may not bode well for the future. Particularly interesting, he notes, is the strong performance of Consumer Discretionary (XLY) and  Staples (XLP) stocks despite surging gasoline prices.
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    Now how do you get the impression jobless claims is deterorating...and the CRB index he is using is the Raw Industrials Index which is falling in great measure...
    last I checked it was 525
    29 Mar 2012, 01:35 PM Reply Like
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