Market Currents
Doug Kass also leans against the market's current upsurge, noting the high correlation of SPY...
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Tuesday, July 3, 2012, 12:52 PM ETDoug Kass also leans against the market's current upsurge, noting the high correlation of SPY with the ISM Prices Paid index. "Low prices paid are good until they are too low, and then it's bad." Monday's report showed prices paid at 37, a dive of 24 points over 2 months, and the lowest read in more than 3 years.
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