“I’m terrified of missing a big rally but equally terrified of a possible apocalypse.”
-BARTON BIGGS, ACCLAIMED MONEY MANAGER
POINTS TO PONDER
1. Unfortunately, the US Purchasing Managers Index (PMI) for both services and manufacturing has fallen to levels below those hit during the 2010 and 2011 “soft patches.” These key measures are considered to be among the most accurate leading indicators of the economy’s direction.