Reply #67: Chicago Fed Index number is now out. Dropped to neg .73 from neg .3 last mo.

[Robbien]

Could be a reason for some of the ugliness today, or the dark outlook for tomorrow.

A negative reading of the index indicates below-average growth and “when the 3-month moving average of the CFNAI moves below minus 0.70 following a period of economic expansion, there is an increasing likelihood that a recession has begun.” The current reading of the 3-month moving average (-0.56) signals below trend growth with a strong likelihood of a recession in the months ahead.

http://www.fxstreet.com/fundamental/analysis-reports/daily-global-commentary/2007-11-26.html

Nice to see you made it through the move all in one piece Julie.