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Ed Yardeni looks at the 26-week moving average of railcar loadings, and he thinks it shows the...

Ed Yardeni looks at the 26-week moving average of railcar loadings, and he thinks it shows the economy may be coming out of its soft patch, despite prior divergences between the measure and transport stocks (IYT -1.7%) that sometimes have foreshadowed a recession. Loading activity has rebounded to its best reading since December.
Comments (5)
  • So, Mr. Ed, what are you buying?

     

    What are you selling?? Smells like BS.
    16 Aug 2011, 02:35 PM Reply Like
  • (IYT) is a poor indicator, because it is so loaded up with airline stocks.

     

    Would be nice to have a pure rail ETF.
    16 Aug 2011, 02:36 PM Reply Like
  • It is BS. You can look at the numbers yourself. Rail traffic last week was up a tiny 0.4% y-o-y.
    www.aar.org/AAR/NewsAn...
    Year over year traffic has been trending lower since January.
    16 Aug 2011, 02:38 PM Reply Like
  • No self-respecting doomer would call this anything other than whistling past the graveyard. The bridge is out half a mile ahead and the engineer knows it takes a full mile to stop the train. RIP...
    16 Aug 2011, 02:48 PM Reply Like
  • I worked for transportation companies for about one-half of my career and this is the time for a normal seasonal pickup. If there isn't one, that's a bad sign.
    16 Aug 2011, 07:02 PM Reply Like
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