THE LATEST ISM READING
is probably giving a resumption sell signal
for the BAAC Supercycle Bear Market
by Bob Bronson, Bronson Capital Markets Research. January 4, 2004
The Jan 1973 peak at 72.1 in the now-called ISM Index was exactly at the same time the stock market peaked then -- before starting the devastating 1973-4 bear market. The decline in the stock market was discounting the then-coming, second recession of that economic era, which led to the final low of, but not the end of, that BAAC Supercycle Bear Market Period.
Investors should not be fooled by the manufacturing sector continuing to expand as it did back then for 20 more months before the ISM index signaled the beginning of a contraction, breaking below 50 in Sept. 1974, just before the end of that BAAC Supercycle Bear Market.>
We have an interesting .gif file chart reflecting all of this and more, which has already been sent to those on our private e-mail list. If you are not yet a member, it's free. Simply send me a private email request.
© 2004 Bob Bronson
Contact Information
Bob Bronson | Bronson Capital Markets Research | Email
