The Negative Side of the Stock Market

All the economic strength that we've seen has been precisely because the economy is weak and because investors expect it to get even weaker. And so that means that as bad as these leading economic indicators have been, they'd actually be worse if we were accurately counting the stock market as being a negative indicator instead of a positive one. So they really should change the LEI so that a weak stock market is a positive side for the economy and a strong stock market is an opposite thing.