From Calafia Beach Pundit:
The Bloomberg index of financial conditions is at an all-time high,
which suggests that financial markets haven't been this healthy for the
past two decades. This index is composed entirely of real-time measures
of market sentiment, risk aversion, liquidity, credit risk, and profit
expectations. No seasonal adjustment factors were used in the
manufacture of this index, and no revisions will ever be made to the
data. This index has a good record of leading economic conditions in
general, and currently it is saying that there is virtually no risk of
any significant economic disruption on the horizon....MORE
HT:
Abnormal Returns
