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

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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Comments (1)
  • bbro
    , contributor
    Comments (9832) | Send Message
     
    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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