BullandBearWise Index Hits New Low for the Year

The rise in Initial Jobless Claims lowered the BullandBearWise Index to a new low for 2006.

(PRWEB) September 27, 2006 -- During the week, Housing Starts, the Housing Market Index (HMI and Money – Zero Maturity remained on-trend and did not affect the BullandBearWise Index.

For the week, the cumulative unweighted change was minus 2, resulting in the Index dropping to 38.81.

The indicators used in the BullandBearWise Index are weighted based on the table available at http://www.bullandbearwise.com/calculation.asp. All bullish indicators are then summed and divided into the sum of all the indicators. When an indicator changes from bearish to bullish, the Index increases 1.5 times the Weighting. For example, if Consumer Credit (Weighting = 1) turns from bearish to bullish, the BullandBearWise Index would increase by 1.5.

BullandBearWise brings together all the key economic and financial indicators under one website using easy-to-compare rolling 5-year charts. No longer is it necessary to spend precious time visiting various financial portals or government agencies to get a complete picture of the American economy.

BullandBearWise ends the frustration of finding a great economic chart only to realize the chart hasn’t been updated in months. The charts on BullandBearWise are generated from Microsoft Access databases that are updated daily, as economic statistics are released.

To further help put all this information in perspective, the BullandBearWise Index ranks the importance of 32 economic and financial indicators and assigns them a status of “Bullish” or “Bearish.” The resulting BullandBearWise Index is a unique combination of fundamental underlying economic data combined with key financial and market price indexes. Click here to view the Index’s history for the past five years.

BullandBearWise also parses Federal Reserve web pages to better represent Federal Reserve activity in an easy-to-understand graphic format:

Daily chart showing the last 30 days of Federal Open Market Operations activity.

Daily chart showing the last 30 days of Federal Open Market Operations balances. Since there are repos maturing everyday, this chart uniquely shows the net repos outstanding and is better representative of how the Fed is adding to or draining from the reserve system.

Daily chart showing the last 30 days securities lending and permanent ops activity.

Weekly chart showing the last year of System Open Market Account (SOMA) balances, including the ratio of SOMA holdings to M3, thus indicating the Fed’s appetite for longer-maturity bonds.

Weekly chart showing five years of money supply (M1, M2, M3) rate of change.
Several additional menus are available from the BullandBearWise home page:

U.S. Debt contains charts summarizing the extent and nature of U.S. debt.

At Issue contains various charts reflecting controversial economic data.

BullandBearWise was built and is maintained by Siegfried “Peter” Duray-Bito, a 20-year veteran of the securities industry.

###