Disclaimer

Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. I do make mistakes, but I try hard to do my analysis thoroughly, and to make sure my data are correct. Remember: the unexpected sometimes happens. The expected does too, but all too often it takes longer than you thought it would.

The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.

BTW, clicking on most charts will produce the original-sized, i.e., bigger version.

Friday, February 7, 2014

PMI indicator has modest fall

This is my weighted average of US, China, Japan and Europe PMI/ISM, indicators which are private sector surveys of manufacturing conditions in these countries (Europe is a composite of several European countries)

A minor blip in January, prolly caused by the big freeze in the US.


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