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Technology Stocks : Intel Corporation (INTC)
INTC 41.41+2.2%Dec 5 9:30 AM EST

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To: fingolfen who wrote (166682)6/20/2002 1:17:04 PM
From: Robert Douglas   of 186894
 
If you believe the leading indicator / trailing indicator argument, the Stock Market will be the last thing to recover.

The stock market (S & P 500 to be exact) is one of the 10 leading indicators included in the index. It is classified as a leading indicator at peaks and at troughs.

Clearly this time it hasn't proven useful as an indicator. Generally the market's predictive abilities start discounting the recovery 3-6 months before it occurs.
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